Sep. 1 at 2:12 AM
Wella Company, the owner of beauty brands including nail-polish maker OPI and Wella hair-care products, filed on Monday for an initial public offering in the United States, according to a regulatory filing. The planned IPO would return the company to public markets and give investors exposure to its portfolio of established beauty and personal-care brands.
Wella said it intends to list its shares on the New York Stock Exchange under the ticker “WELA.” Goldman Sachs, BofA Securities, KKR and J.P. Morgan are among the underwriters for the offering.
The filing represents an important step in Wella’s plans to become a publicly traded company, although the company has not yet disclosed the number of shares to be offered, the expected price range, the amount of capital it aims to raise or its target valuation. Those details are typically provided in subsequent regulatory filings as the IPO process advances.
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