THE WHAT? Galderma’s shares jumped 20.75 percent on their first trading day on the SIX Swiss Exchange, closing significantly higher than their IPO price, marking one of Europe’s largest IPOs this year. This success positions Galderma with the largest IPO placement volume in Switzerland since 2017, reflecting robust market interest.
THE DETAILS The global IPO market is currently buoyed by strong equity markets and low interest rates, with companies in the beauty industry like Spain’s Puig and Brazil’s Natura & Co. considering going public. Galderma, with its rich history starting as a joint venture between L’Oréal and Nestlé, has established a significant global footprint in the skincare sector.
THE WHY? After changing ownership from Nestlé to EQT Partners and the Abu Dhabi Investment Authority, Galderma has continued to grow, boasting a presence in over 90 countries and achieving a notable increase in sales in 2023. The company anticipates further growth in sales for 2024, highlighting its strong market performance and future potential.
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:
-
Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
-
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.
-
Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
-
Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
-
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.
