Baker Europastry Is Nearing IPO Launch to Raise €500 Million
- Company eyes €1.5 billion market value in Madrid Listing
- Planned listing to follow beauty group Puig’s blockbuster IPO
This article is for subscribers only.
Spanish bread and pastry maker Europastry SA is planning to launch an initial public offering in Madrid, amid a revival in new listings in Europe following two years of muted activity, according to people familiar with the matter.
The company could publish a so-called intention-to-float document as soon as this week, the people said, asking not to be identified discussing confidential information. Europastry could seek a market value of as much as €1.5 billion ($1.6 billion) in the listing, they said.