Deals
CVC’s Beauty Chain Douglas Sets Terms for $991 Million IPO
- Indicated demand already exceeds deal size, terms show
- CVC, founding family to remain key shareholders after listing
A member of staff places a customer's purchase in a bag at a Douglas store in Frankfurt, Germany
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
German perfume retailer Douglas aims to sell as much as €907 million ($991 million) of stock in its initial public offering, as owner CVC Capital Partners capitalizes on a rebound in European listings.
The shares are being marketed at €26 to €30 each, the company said in a statement late Monday. The IPO kicked off Tuesday and indicated demand for the stock already exceeds the deal size, according to terms seen by Bloomberg.