Wella Company, the KKR-backed owner of OPI nail polish and Wella hair products, filed for a U.S. IPO on Monday. The company, present in over 100 countries with more than 6,000 employees, intends to list on the NYSE under the symbol WELA. KKR acquired a 60% stake in Wella from beauty conglomerate Coty in 2020, valuing the business at $4.3 billion including debt. Goldman Sachs, BofA Securities, KKR, and J.P. Morgan are among the underwriters to the offering.
Source: Read the original article
