IPO Douglas

[CurtisNewton]

Douglas scheint ernst zu machen, 

heute wurde die Intention To Float eingereicht.

IPO soll wohl noch im März sein.

Reuters 

[huhuhu]

Dann werden unsere Mädels ja noch doller 😉

[Morgenmond]

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@huhuhu  schrieb:

Dann werden unsere Mädels ja noch doller 😉

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Besser so als wenn auf einmal das d fehlt 😉

[Montgomery]

Meinst du jetzt in ouglas? 🤪

[Klever]

Douglas-IPO steht an: 

https://douglas.group/de/investoren/listing

aber keine Zeichnungsmöglichkeit bei Comdirect? 

@SMTcomdirect ist die Zeichnung vielleicht doch möglich?

[paej · Accepted solution]

Douglas AG Initial Public Offering of Ordinary Bearer Shares

This communication is being distributed solely to investment professionals outside the United States in reliance on Regulation S under the US Securities Act of 1933, as amended (the “Securities Act”) and in the United States to Qualified Institutional Buyers, as defined in Rule 144A under the Securities Act. If you are not an investment professional, any investment or investment activity to which this communication relates is not available to you, and will not be engaged in with you, and you may not rely on this communication. This material is for your information only, is not intended to be used by anyone other than you and may not be forwarded to any other person. This information is subject to change.

Issuer:	Douglas AG (“DOUGLAS” or the “Company”)
Company Description:	Douglas AG is a leading European omnichannel retailer offering selective premium beauty products and certain beauty services
Joint Process Banks & Joint Global Coordinators:	Goldman Sachs Bank Europe SE, Citi
Joint Global Coordinators & Joint Bookrunners:	Deutsche Bank, UBS, UniCredit
Joint Bookrunners:	BNP Paribas, CVC Capital Markets, Jefferies
Co-Lead Managers:	Landesbank Baden-Württemberg, IMI – Intesa Sanpaolo, Raiffeisen Bank International
Offering Type:	Initial Public Offering of ordinary bearer shares
Selling Shareholder:	Kirk Beauty International S.A. (a holding company majority-owned by funds advised by CVC Capital Partners and the Kreke family) As part of the Management Equity Programme (“MEP”), certain members of the management team will become shareholders in Kirk Beauty International S.A.
Use of Proceeds:	The proceeds will be used to continue deleveraging the Company’s balance sheet, supporting future growth
Additional Cash Contribution by the Existing Shareholder:	Selling Shareholder will contribute €300m in cash into the Douglas AG capital reserves (no issuance of new shares) at closing of the offering (“Cash Contribution”). In order to finance the Cash Contribution the Selling Shareholder has entered into a margin loan facility. In case of potential stabilization measures post IPO (Brownshoe) the Selling Shareholder can utilize the margin loan facility for funding purpose as well.
Offering Currency:	EUR (€)
Price Range:	€26.00-€30.00 per share
Offer Size:	up to €907m / $992m
Implied Market Capitalization:	€2.8bn – €3.1bn
Deal Structure:	The Offering consists of: Primary Size: up to 32.7m shares Secondary Size: up to 1.9m shares from partial sales by participants of the Management Equity Program to cover tax obligations Total Deal Size: up to 34.6m shares
Implied Total Deal Size:	Primary Size: €850m / $930m Secondary Size: up to €57m / $62m from partial sales by participants of the Management Equity Program to cover tax obligations Total Deal Size: up to €907m / 992m
Stabilization:	Brownshoe of up to 13% of the primary deal size (up to 4.3m shares / up to €111m)
Post-IPO Free Float:	Up to 29.3 - 31.8% (assuming no stabilisation)
Distribution:	Public offering in Germany US: Offers to (i) Qualified Institutional Buyers (QIBSs) in the United States pursuant to Rule144A; and (ii) outside the United States in accordance with Regulation S EEA: Qualified investors only. UK: Qualified investors only. Switzerland: Private placement only. The securities may not be publicly offered, sold or advertised, directly or indirectly, in, into or from Switzerland and will not be listed on the SIX Swiss Exchange or on any other exchange or regulated trading facility in Switzerland. Australia: No sales into Australia (and New Zealand). Canada: No sales into Canada, except to investors who are both a permitted client and an accredited investor, and are located in Alberta, BC, Ontario, or Quebec Hong Kong: Standard selling restrictions apply – professional exemption. Singapore: Sales only to institutional investors, accredited investors and persons who purchase securities as principal for a consideration of at least US$200,000 (or its equivalent in other currencies) per transaction. Japan: No offer or sale into Japan except pursuant to an exemption. Engagement with no more than 49 qualified institutional investors across the syndicate. United Arab Emirates: A limited number of calls to sophisticated institutional investors only with existing Goldman Sachs relationships and only at the request of the client Qatar: No public offering. A limited number of calls to sophisticated institutional investors only with existing Goldman Sachs relationships and only at the request of the client
MIFID II Target Market:	Manufacturer target market (MiFID II product governance) is retail investors, eligible counterparties and professional clients (all distribution channels)
Lock-up:	180 days for the Company and the Selling Shareholder Lock up for the MEP participants is 1 year for 100% of the total shares received and not sold in the offering and 2 years for 40% of the shares (plus any shares up to 30% not sold in the Offering)
Price Announcement & Prospectus Publication:	11th March 2024
Start of Bookbuilding:	12th March 2024
Expected End of Bookbuilding:	19th March 2024
First Day of Trading:	21st March 2024
Expected Settlement Date:	25th March 2024 (T+3)
Listing	Regulated market (Prime Standard) of the Frankfurt Stock Exchange
Ticker:	DOU
ISIN:	DE000BEAU7Y1

The order book and allocations may be shared with the seller.

Communications that a transaction is covered (I.e., aggregate demand indications exceed the amount of the security offered) are not an assurance that the transaction will be fully distributed.

If you are in Australia or a person for whom you are acquiring the securities is in Australia, you are, or that person is, a wholesale client under section 761G of the Corporations Act and either a “professional investor” or “sophisticated investor” within the meaning of sections 708(11) and 708(8) of the Corporations Act, respectively. By applying for the securities, for a period of 12 months from the date of issue of the securities, you, and that person, must not transfer any interest in the securities to any person in Australia other than to a wholesale client.

To the extent that Goldman Sachs & Co. LLC ("GSCO") or Goldman Sachs International ("GSI") (collectively, the “GS entities”) are providing financial services in Australia, the GS entities are each exempt from the requirement to hold an Australian financial services license for the financial services they provide in Australia. Each of the GS entities are regulated by a foreign regulator under foreign laws which differ from Australian laws, specifically: (i) GSCO is regulated by the US Securities and Exchange Commission under US laws; and (ii) GSI is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under UK laws.

Not an offer, recommendation or solicitation to buy / sell any security. Prepared by Sales/Trading personnel of Goldman Sachs International/Goldman Sachs Bank Europe SE from generally available information believed to be reliable but no representation is made that it is accurate or complete. Not a product of Goldman Sachs Investment Research. This communication may be confidential and is not intended to be used by anyone other than you. Price/availability subject to change without notice. Past performance is not indicative of future results. Goldman Sachs previously may have accumulated a long or short position in any subject investment. Not for distribution in the United Kingdom to private customers (as defined under Financial Conduct Authority's rules). If you are located outside the United States, you may not forward this material into the United States.

[huhuhu]

Findet Ihr die Preisspanne OK ?

Grüße

Daniel

[Pramax]

Bei meinem Zweitbroker ("Second Broker" oder abgekürzt SBroker)

kann ich Douglas-Aktien zeichnen. Ich werde es aber nicht tun.

Wie meinte der unvergeßliche Harald Schmidt zu dem Unternehmen:

"Douglas? Das ist so etwas wie OBI für Frauen".

Gruß, Pramax

[CurtisNewton]

Ich habe ehrlich gesagt keine Ahnung. Was halt auffällt ist dass die Private Equity Firma Douglas mit einem hohen Schuldenberg von 3 Milliarden ins Rennen wirft und man die Einnahmen in erster Linie braucht um die Schulden zu stopfen. Was übrig bleibt an Schulden (so ca. 2 Milliarden) muss wohl zeitnah refinanziert werden, das ist bei der aktuellenZinssituation auch eher ungünstig. Bei einem Gewinn von ca. 120 Millionen im Jahr ist das ein Haufen Zeugs,

Andererseits, am ersten Tag vormittags schon überzeichnet, also Interesse ist wohl da am Markt.

[Klever]

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@CurtisNewton  schrieb:

Andererseits, am ersten Tag vormittags schon überzeichnet, also Interesse ist wohl da am Markt.

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Das klingt doch ganz danach (Quelle?) als könnte man wieder einen Zeichnungsgewinn machen - wenn man denn zeichnen könnte. 

Ich würde es probieren, wenn man mich ließe. 

Grüße 

Klever