Douglas AG Sets Final Offer Price for Shares at 26.00 Euro in IPO

Douglas AG, in partnership with its major shareholder, Kirk Beauty International S.A., has established the final offering price of its shares at 26.00 euros each. This declaration came about as the company, guided by CVC Capital Partners and the Kreke family, prepares for its Initial Public Offering (IPO). A total of 34,192,455 shares are to be distributed to investors, comprising 32,692,308 new shares and 1,500,147 existing shares from Kirk Beauty International S.A. The gross proceeds from this offer are expected to net around 890 million euros for DOUGLAS AG, approximating a market capitalization of approximately 2.8 billion euros.

Post-IPO, the free float of shares is anticipated to be about 31.8%, with CVC Capital Partners and the Kreke family maintaining indirect investments, holding approximately 54.4% and 10.2% stakes respectively. The shares are slated to begin trading on the Prime Standard of the Frankfurt Stock Exchange from March 21, 2024, with the settling and closing of the offering expected by March 25, 2024. This significant step marks a pivotal moment for DOUGLAS AG as it transitions into a publicly traded entity, aiming to expand its reach and solidify its presence in the market.