IPO: Make-up company Charlotte Tilbury recently launched a campaign fronted by supermodel Kate Moss (pictured)
The owner of make-up company Charlotte Tilbury looks set to be valued at just under £12billion in one of Europe’s biggest stock market listings of the year.
Shares in Spanish group Puig will start trading on the Madrid exchange on Friday.
The company was founded by Antonio Puig in 1914 and is still owned by the family.
Puig’s bankers have told investors they risk missing out unless they offer almost £21 for each share. Puig is aiming to sell up to £2.6bn of shares amid strong demand from investors.
Earlier this month it said it expected a valuation of between £10.9billion and £11.9billion. It thinks it will reach the top-end of this.
Make-up artist Charlotte Tilbury set up her company in 2013 and sold a majority stake to Puig in 2020 in a deal that valued the firm at around £1billion.
Tilbury, 51, recently launched a campaign fronted by long-time friend and supermodel Kate Moss to showcase the brand’s new lipstick.
