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Move will raise $700 million.
June 29, 2012
By: TOM BRANNA
Editor
As widely expected, Coty Inc. will issue an initial public offering that is expected to raise $700 million, according to a filing with the Securities and Exchange Commission. The company expects to complete an IPO by October, and has hired JPMorgan Chase and Bank of America as the lead underwriters, according to reports. Coty’s pursuit of an IPO comes after it abandoned its bid for Avon Products Inc., which it called off in May after Avon failed to meet Coty’s deadline for deciding ...
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