Beauty company Coty filed on Friday with the SEC to raise up to $700 million in an initial public offering. Coty holds leading global positions in fragrances and color cosmetics, and its collection of global brands includes adidas, Calvin Klein, Chloé and Davidoff. Founded in 1904 in Paris, the now New York-based company booked $4.6 billion in sales over the last twelve months.
Prior to the offering, the Reimanns, a wealthy German family, own 81% of shares. Private equity firms Berkshire Partners and Rhône Capital each have 8% stakes. Coty plans to list under the symbol COTY on an exchange to be announced. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Barclays, Deutsche Bank Securities and Wells Fargo Securities are the joint bookrunners on the deal.
