Coty Shareholders Raise $1 Billion Pricing IPO at Midpoint

Coty Shareholders Raise $1 Billion Pricing IPO at Midpoint

Dave J Hogan/Getty Images for Coty Beauty UK

Coty’s owners including the billionaire Reimann family sold 57.1 million shares for $17.50 each, according to a statement yesterday, after offering them for $16.50 to $18.50 apiece. The stock will start trading today.