Cosmetics Maker Coty Launches Stock Offering, Eyes Paris Stock Exchange Listing
September 25, 2023
Cosmetics manufacturer Coty has initiated a global offering of 33 million shares and applied for a dual listing on the Paris Stock Exchange. The move is aimed at leveraging European investor interest in a region known for its luxury brands like LVMH and L’Oreal. Coty, which generates 45% of its annual revenue from Europe, the Middle East, and Africa, plans to utilize the funds to reduce debt and invest in its operations.
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