Knowlton Development sets IPO terms, to raise up to $857 million
Knowlton Development sets IPO terms, to raise up to $857 million
Knowlton Development Corp. Inc. has set terms for its initial public offering, in which the Canada-based beauty, personal care and home care company could be valued at up to $3.22 billion. The company is looking to raise up to about $857.1 million, as it is offering 57.14 million shares in the IPO, which is expected to price between $13 and $15 a share. The company expects to have about 214.66 million shares outstanding after the IPO. The stock is expected to list on the NYSE under the ticker symbol "KDC." Goldman Sachs, J.P. Morgan, UBS Investment Bank and BMO Capital Markets are the lead underwriters. Knowlton Development recorded a net loss of $12.7 million on revenue of $603.4 million for the three months ended July 31, after a loss of $600,000 on revenue of $482.4 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF (IPO) has gained 5.2% year to date while the S&P 500 has advanced 19.0%.
諾爾頓發展公司(Knowlton Development Corp.Inc.)已經為其首次公開募股(IPO)設定了條款，這家總部位於加拿大的美容、個人護理和家庭護理公司的估值可能高達32.2億美元。該公司正尋求籌集至多約8.571億美元，因為它將在IPO中發行5714萬股票，預計發行價在每股13美元至15美元之間。該公司預計IPO後將有約2.1466億股流通股。該股預計將在紐約證券交易所上市，股票代碼為“KDC”。高盛(Goldman Sachs)、摩根大通(J.P.Morgan)、瑞銀(UBS)投資銀行和蒙特利爾銀行資本市場(BMO Capital Markets)是主承銷商。在截至7月31日的三個月裏，Knowlton Development的營收為6.034億美元，淨虧損1270萬美元，而去年同期的營收為4.824億美元，虧損60萬美元。該公司正尋求上市之際，文藝復興IPO ETF(IPO)今年迄今已上漲5.2%，而標準普爾500指數(S&P500)上漲19.0%。
-Tomi Kilgore
--托米·基爾戈(Tomi Kilgore)
譯文內容由第三人軟體翻譯。