German cosmetics company Douglas said on Monday that it plans to hold an initial public offering (IPO) on the Frankfurt Stock Exchange. The company is targeting an equity contribution of around €1.1 billion ($1.2 billion), consisting of the targeted IPO primary proceeds and an additional equity injection of around €300 million from the current shareholders. The proposed IPO is expected to accelerate the company’s debt reduction and decrease its interest expenses, thus enlarging its financial flexibility. Douglas said it is preparing for the IPO together with its shareholder Kirk Beauty Interna…