Spanish group Puig, which owns luxury fragrance and beauty brands, including Charlotte Tilbury, Byredo and Rabanne, has set its final IPO price at the top of its announced range to €24.50 (£20.94) a share.

The IPO was oversubscribed across the price range, due to strong demand from international and domestic investors, bringing the overall market value of the group to €13.9bn (£11.88bn).