![The closing date is September 10, 2021.](https://img.gcimagazine.com/files/base/allured/all/image/2021/09/gci.coty85036.png?auto=format%2Ccompress&q=70&w=700)
The closing date is September 10, 2021.
Coty has priced its secondary offering of 50 million shares of outstanding Class A common stock by KKR Rainbow Aggregator L.P. at $8.53 a share. The closing date is September 10, 2021.
KKR will retain 568,367 shares of Coty’s Series B Convertible Preferred Stock representing 10.9% of Coty’s outstanding Class A common stock on an as-converted basis.
As reported in December 2020, Coty retains 40% of a stake in KKR.