Douglas Shares Drop After Stock Market Redux

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Douglas Group's shares dropped after it made its stock market comeback.

at 26 euros a share and the stock opened at 25.50 euros. At 11:50 a.m. CET, the shares were trading at 22.82 euros each, down 10.5 percent against the opening price. At 1:50 p.m., they had reached 22.96 euros., which is expected to be among Europe’s largest in 2024 and which could value the company at about $17 billion. The pure-play dermatology products maker priced its offering at 53 Swiss francs, or $59.07, a share and will begin trading on the SIX Swiss Exchange in Zurich on Friday.

At the end of the first quarter of 2024, Douglas’ net debt was 3.06 billion euros. The group’s market value capitalization is at 2.8 billion euros. Douglas was taken off the stock market in 2013 after Advent International and the Kreke family took the company over. In 2015, CVC Capital Partners acquired Douglas for a reported 2.8 billion euros.. 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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