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

Douglas AG, in collaboration with its shareholder Kirk Beauty International S.A., announced the final offer price for its shares at 26.00 euro per share as it prepares for its initial public offering (IPO). The pricing announcement was made on March 19, 2024, with a total of 34,192,455 shares set to be available to investors. This comprises 32,692,308 newly issued shares alongside 1,500,147 existing shares from Kirk Beauty International S.A., a company majority-owned by CVC Capital Partners and the Kreke family. The overall offer size is valued at approximately 890 million euro, aiming for gross proceeds of around 850 million euro for DOUGLAS AG.

The IPO is expected to result in a market capitalization for DOUGLAS AG of about 2.8 billion euro. Following the IPO completion, the expected free float of the shares is around 1.8%. CVC Capital Partners and the Kreke family will continue to hold significant indirect investments, with about 54.4% for CVC and approximately 10.2% for the Kreke family. The shares are anticipated to start trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange from March 21, 2024, with the settlement and closing of the offering scheduled for March 25, 2024.