CVC-Backed Perfume Retailer Douglas’s IPO Raises $967 Million
- IPO shares were priced at €26 each, bottom of the range
- Douglas also getting an additional cash injection from owners
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German perfume retailer Douglas AG priced its €890 million ($967 million) initial public offering at €26 a share, the bottom of a marketed range.
The CVC Capital Partners-backed firm sold about 32.7 million new shares and raised about €850 million, while current stockholders sold around 1.5 million existing shares, according to a statement. The offering values the company at around €2.8 billion.