Today (September 22), Coty is moving ahead with a Paris listing that could take place as soon as the next few weeks, according to media citing people familiar with the matter.
Coty Group has invited BNP Paribas and Citigroup to participate in the deal, the people familiar with the matter said. People familiar with the matter also said Coty is considering raising new capital through an IPO and plans to formally announce details of the plan as soon as possible in the next few days, with an IPO likely to follow soon after.
Coty said in a statement in May that it was considering a second listing in Paris to attract new investors and strengthen its presence in the region.
People familiar with the matter said deliberations were ongoing and details of Coty’s planned offering could change depending on market conditions. Coty, BNP Paribas and Citigroup declined to respond to the matter at this time.