Spanish cosmetics group Puig seeks to raise up to 2.9 billion euros in IPO

Spanish perfume and fashion company Puig said on Thursday it aims to raise between 2.3 billion euros ($2.46 billion) and 2.9 billion euros in Spain's largest initial public offering in almost a decade. The maker of Paco Rabanne and Carolina Herrera fragrances is offering to sell its shares in the range between 22 euros to 24.5 euros ($23.48-$26.15) per share, according to a document sent to the Spanish stock market regulator. It is offering 1.25 billion euros worth of new shares along with 1.36 billion euros of existing shares through the IPO.