Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue November 2015
 •  The Laundress Opens Flagship Store  •  New Anti-Aging Active at Silab  •  Innospec Attains Cosmetic GMP Certification  •  Herbalife Clears Another Legal Hurdle  •  Mary Kay Picks Location for New R&D Center

Coty To Raise $1.2 Billion

Published May 28, 2013
Related Searches: avon spa products coty
Post a comment
Coty Inc said it expected its initial public offering of up to 65.7 million shares to be priced at between $16.50 and $18.50 each, raising as much as $1.2 billion. The company said shareholders are offering 57.1 million shares, while underwriters have the option to buy 8.6 million.

Coty, which failed in an attempt to buy Avon Products Inc or $10.7 billion last year, filed to go public in June.

Warren Buffett's Berkshire Hathaway Inc and private equity firm Rhone Group each own a 7.1 stake in Coty, which describes itself as the world's No. 2 fragrance maker.

blog comments powered by Disqus