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Market capitalisation of €10.01 billion
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€339.2 million raised
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47th listing on Euronext in 2023
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11th international listing on Euronext in 2023 (US-based issuer)
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First US company to successfully raise capital via a simultaneous EUR and USD offering at the occasion of a European listing
Paris – 28 September 2023 – Euronext congratulates Coty, one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin, and body care, for completing its listing on Euronext Paris (ticker code: COTY).
Coty was founded in Paris, France as a fragrance house in 1904. The business quickly grew into other categories and expanded to become a leading player in the global beauty industry, listing on the New York Stock Exchange in 2013. Over the last three decades, Coty built a balanced and diversified portfolio of best-in-class brands, offering consumers innovative products which meet their needs at all price points. Having delivered three years of growth in-line to ahead of expectations, Coty is at a pivotal moment in its history as a global leader in beauty and has chosen Euronext for a dual listing.
Coty was listed on 28 September 2023 through the admission to trading of 957,451,854 shares making up its capital, including 33,000,000 new shares issued in the context of the Global Offering. Coty raised €339,240,000. The listing price was set at €10.45 per share. Market capitalization on the day of listing was around €10.01 billion[1].
Sue Nabi, Chief Executive Officer of Coty, said: "We are delighted to have completed our listing on Euronext Paris. Being traded in the heart of the luxury and beauty industries provides European investors the opportunity to join our accelerating growth trajectory. On the eve of our 120th Anniversary, this dual listing honors Coty’s unique heritage. We have returned to our Parisian roots to mark the next chapter in Coty’s ambitions of unleashing every vision of beauty.”
[1] The market capitalisation includes 66,459,162 treasury shares held by the company.
Caption: Sue Nabi, Chief Executive Officer of Coty, rang the bell during a ceremony this morning with their teams and in the presence of Delphine d’Amarzit, CEO of Euronext Paris, to celebrate the listing of Coty.
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CONTACT EURONEXT |
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Sarah Mound (Corporate, Paris) |
+33 1 70 48 24 45 |
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Contact COTY |
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Antonia Werther |
+31 621 394495 |
About Coty
Founded in Paris in 1904, Coty is one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. We serve consumers around the world, selling prestige and mass market products in more than 130 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to protecting the planet. Learn more at coty.com or on LinkedIn and Instagram.