Coty Moves Ahead with IPO

Posted on June 29, 2012 @ 08:38 am

Following Coty Inc.’s failed attempts at an Avon takeover, the company has moved ahead with IPO plans, as anticipated by many. Coty Inc. filed plans for an estimated initial public offering of $700 million in common stock by the perfume maker's stockholders. The IPO was announced soon after the fragrance maker selected Bank of America Merrill Lynch and J.P. Morgan Chase & Co. as underwriters.