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Files plans for $700 million IPO in common stock
June 29, 2012
By: Jamie Matusow
Following Coty Inc.’s failed attempts at an Avon takeover, the company has moved ahead with IPO plans, as anticipated by many. Coty Inc. filed plans for an estimated initial public offering of $700 million in common stock by the perfume maker’s stockholders. The IPO was announced soon after the fragrance maker selected Bank of America Merrill Lynch and J.P. Morgan Chase & Co. as underwriters.
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