THE WHAT? Galderma is preparing for a US$2.3 billion IPO on the Swiss stock exchange, aiming to use most of the proceeds for debt repayment and refinancing. The company, with a history as a Nestlé and L’Oréal joint venture and later acquired by EQT, is valued at around US$20 billion.
THE DETAILS The company’s move to go public signals a recovering European IPO market, with Galderma’s growth in specialized skincare products and successful “blockbuster franchises” driving its decision. Despite a recent downturn in IPO proceeds in Europe, Galderma and other companies are moving forward with listing plans, indicating a potential market revival.
THE WHY? Galderma reported over US$4 billion in sales last year, a nearly 9% increase, with significant EBITDA, showcasing its industry leadership. The IPO involves selling shares, including those of existing investors, coordinated by major financial institutions, highlighting Galderma’s strategic growth and financial health.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
