Beauty And Fragrance Company Coty Expands Footprint With Global Stock Offering, Paris Listing
Portfolio Pulse from Shivani Kumaresan
Coty Inc plans to initiate a global offering of 33 million of its Class A common stock. The company aims to cater to the U.S. public and investors in select overseas territories. Coty is also targeting the European Economic Area's qualified investors and plans to get its Class A common stock listed on Euronext Paris' professional segment. The raised capital will be used primarily to decrease its outstanding debt and for corporate ventures.
September 26, 2023 | 10:06 am
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Coty Inc's global offering of 33 million of its Class A common stock and its listing on Euronext Paris could potentially attract more investors and increase liquidity. The raised capital will be used to decrease its outstanding debt, which could improve its financial health.
The global offering and Paris listing could potentially attract more investors, increasing liquidity for Coty Inc. The use of raised capital to decrease outstanding debt could improve the company's financial health, making it more attractive to investors.
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