News Formal

Beauty Company Coty Offers 33 Million Shares Ahead of Paris Listing

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 50%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

US beauty and fragrance company Coty Inc. launched an offering of 33 million shares as part of a plan to list in Paris, boosting the French bourse’s appeal as a global hub for luxury stocks.

Coty has applied to list its class A common stock on the professional segment of Euronext Paris, it said in a statement Monday. Investors will have the option to purchase Coty shares in euros for the Paris-listed stock or in US dollars for the New York-traded stock.

Coty plans to hold a call with prospective investors on Sept. 26 at 9:30 a.m. New York time and price the offering before the US market opens Sept. 28, according to terms for the deal obtained by Bloomberg. Coty has historic ties to France, having been founded in 1904 in Paris. Coty’s offering is a rare win for Europe at time when the region’s homegrown companies are turning to the US in search of higher valuations. The cosmetics company said in May it was mulling a listing in Paris — “the historic home of beauty” — to tap a fresh pool of capital.

Coty in September raised its sales outlook for the year, citing robust demand for higher-end fragrances like the recently launched “Burberry Goddess.” Its brands include Covergirl, Kylie Cosmetics and Gucci and Hugo Boss fragrances.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 83. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Sask based tech company develops AI grain grading appA Saskatchewan-based tech company has developed a first of its kind app that helps farmers in grading grain quality. The new app counts grain kernels and checks for quality within seconds. Grain Grading, the is brain child Weiping Zeng, CEO of SuperGeo A.I Tech. Zeng comes from farming background and said farmers put in extensive...
출처: GlobalCalgary - 🏆 50. / 61 더 많은 것을 읽으십시오 »

Cancer diagnosis leads Calgary auctioneer look for bids on his own companyWatch Cancer diagnosis leads Calgary auctioneer look for bids on his own company Video Online, on GlobalNews.ca
출처: GlobalCalgary - 🏆 50. / 61 더 많은 것을 읽으십시오 »

Cancer diagnosis leads Calgary auctioneer to look for bids on his own companyA terminal lung cancer diagnosis leads Calgary auctioneer, Wayne Ollive, to take bids on his own company.
출처: GlobalCalgary - 🏆 50. / 61 더 많은 것을 읽으십시오 »