German beauty retailer Douglas, majority-owned by private equity company CVC, has announced plans to list on the Frankfurt Stock Exchange, the Financial Times (FT) reported.
The company aims to raise €1.1bn ($1.19bn) to support its growth strategy and potentially reignite Europe’s sluggish initial public offering (IPO) market.
Targeting €6bn valuation
Douglas, operating more than 1,800 stores across Europe, seeks a €6bn valuation, potentially becoming Frankfurt’s largest IPO since 2022.
The FT said the company plans to issue €800m in new shares, with existing…
