EQT’s Skincare Firm Galderma Sets Terms for $2.6 Billion IPO

Skincare firm Galderma Group AG set the value vary for a 2.3 billion Swiss-franc ($2.6 billion) preliminary public providing, in what can be the most important itemizing in Europe since that of Porsche AG in 2022.The shares are being marketed at 49 to 53 Swiss francs apiece by means of March 20, the EQT AB-backed firm stated in a press release, with the inventory set to start out buying and selling two days later. Based on the provide worth vary, Galderma can have an implied market capitalization of as much as 12.6 billion francs.

https://www.bloomberg.com/news/articles/2024-03-13/eqt-s-skincare-business-galderma-sets-terms-for-2-6-billion-ipo?srnd=deals