CVC’s FineToday Is Said to Pick Banks for Year-End Tokyo IPO
- Daiwa, Mizuho, SMBC Nikko, UBS selected for Tokyo share sale
- CVC owns a majority stake in Japanese personal-care business
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Japanese personal-care business FineToday Holdings Co. has selected banks for a potential initial public offering that could take place as soon as before the year end, according to people familiar with the matter.
Daiwa Securities Group Inc., Mizuho Financial Group Inc., SMBC Nikko Securities Inc. and UBS Group AG are the lead underwriters, the people said, asking not to be identified discussing confidential information. The firm may seek to raise as much as $1 billion in its IPO, two of the people said.