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Coty Sets IPO at $17.50 Per Share



Published June 13, 2013
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Coty Sets IPO at $17.50 Per Share

Coty Inc. has announced the pricing of its initial public offering (IPO) of 57,142,857 shares of its Class A common stock at $17.50 per share. The stock is expected to begin trading today on the New York Stock Exchange on June 13, 2013 under the ticker symbol "COTY."

The shares offered are being sold by existing Coty stockholders and Coty will not receive any of the proceeds of the offering. These existing stockholders have also granted the underwriters an option for 30 days to purchase an additional 8,571,428 shares of Class A common stock at the initial offering price less the underwriting discount.


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