Posted by: youngragingbull | May 28, 2013

Coty looks to raise up to $1.06B in IPO

Beauty and fragrance company Coty Inc. said on Tuesday that it plans to sell shares to the public and raise as much as $1.06 billion.

The initial share offering includes 57.1 million shares at a per-share price between $16.50 and $18.50, the maker of Calvin Klein and Beyonce fragrance said in a regulatory filing.

Coty’s IPO came after it failed in an attempt to acquire rival Avon Products Inc. last year.

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