Report: Coty Cancels Planned IPO of Brazilian Unit

Feb 15th, 2022
Jacquelyn Mueller, associate editor, Global Cosmetic Industry
Reuters reports that Coty will monitor the market and pursue an IPO if the conditions allow.
Reuters reports that Coty will monitor the market and pursue an IPO if the conditions allow.

Coty has announced the company is canceling its planned initial public offering of its Brazilian unit because of "adverse financial market conditions in the South American country," according to Reuters.

Coty reportedly announced plans to publicly list the unit in August 2021 with intentions to use the money to pay debt and expand its business. 

Reuters reports that Coty will monitor the market and pursue an IPO if the conditions allow.

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