IPO: Makeup company Charlotte Tilbury recently launched a campaign fronted by supermodel Kate Moss (pictured)
Makeup company owner Charlotte Tilbury looks set to be valued at just under £12bn in one of Europe’s biggest share prices of the year.
The shares of the Spanish group Puig will begin trading on the Madrid Stock 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 aims to sell up to £2.6bn of shares amid strong investor demand.
Earlier this month it said it expected a valuation of between £10.9 billion and £11.9 billion. He believes that he will get to the top end of this.
Makeup artist Charlotte Tilbury set up her company in 2013 and sold a majority stake to Puig in 2020 in a deal that valued the company at around £1 billion.
Tilbury, 51, recently launched a campaign fronted by her friend and supermodel Kate Moss to showcase the brand’s new lipstick.
