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L’Occitane International To Go Public

IPO is set to commence in Hong Kong.

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By: TOM BRANNA

Editor

If there’s any doubt that there’s money floating around the beauty industry again, L’Occitane International SA’s announcement that it will raise as much as 5.49 billion Hong Kong dollars, or $707.2 million, through an initial public offering should put an end to those doubts. The L’Occitane IPO includes 364.1 million shares, or about 25% of the company, to be priced from 12.88 Hong Kong dollars to 15.08 Hong Kong dollars, or $1.66 to $1.94, a share. The subscription closes April 29m and the f...

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