’s shares began trading at 61 Swiss francs, or $67.71, on the SIX Swiss Exchange Friday. That was up 15.1 percent from itsGalderma’s IPO is expected to be among the largest in Europe this year and comes a day after German prestige fragrance and cosmetics retailer
The implied placement valuation of up to 2.3 billion Swiss francs makes Galerma’s the largest IPO placement volume in Switzerland since 2017. Buoyant equity markets and mitigating interest rates are helping drive interest in IPOs around the globe. In the beauty space, Spain’s Puig has said it is mulling an IPO as part of strategic options for the future. And in Brazil, Zug, Switzerland-based Galderma was established in 1981 as a joint venture between L’Oréal and Nestlé.
Galderma today is present in more than 90 countries and counts 6,500 employees worldwide. Its brand include Actinica, Benzac, Azzalure, Differin and Dysport. In 2023, the company generated sales of $4.08 billion, up 8.5 percent on a constant-currency basis year-on-year. For 2024, the group expects its sales to gain 7 percent to 10 percent at constant exchange versus 2023.. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google
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