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The leader in national bread and pastries is finalising all the details to go public this July. Europastry will debut on the stock exchange so that its shares can be listed on it, aspiring to reach a market value of up to 1,500 million euros. This comes amid a revival of new IPOs in Europe after two years of inactivity, according to sources familiar with the matter consulted by Bloomberg.
In this sense, the company founded by the Gallés family and its investors, is considering the possibility of raising 600 million euros through its IPO; produced after the debut of the beauty group Puig Brands as the first major IPO in Madrid since 2021.
In 2019, Europastry tried to proceed with its IPO on the Madrid Stock Exchange (BME), but it did not go ahead despite taking the process to the final stage. At that time, the company would handle a price range of between 900 and 1,200 million, but investors did not even come close to the minimum, so they decided to pause the process.
Now, with the advantage of having closed the 2023 financial year with sales of 1,350 million euros, 20% more than in the previous year, the company faces this new phase with which it will continue to strengthen and enrich its economic status and its positioning in the Spanish market.