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Knowlton Development sets IPO terms, to raise up to $857 million

Knowlton Development sets IPO terms, to raise up to $857 million

Knowlton Development设定IPO条款，将筹资至多8.57亿美元
DowjonesNews MarketWatch ·  2021/09/14 06:28

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%.

诺尔顿发展公司(Knowlton Development Corp.Inc.)已经为其首次公开募股(IPO)设定了条款，这家总部位于加拿大的美容、个人护理和家庭护理公司的估值可能高达32.2亿美元。该公司正寻求筹集至多约8.571亿美元，因为它将在IPO中发行5714万股票，预计发行价在每股13美元至15美元之间。该公司预计IPO后将有约2.1466亿股流通股。该股预计将在纽约证券交易所上市，股票代码为“KDC”。高盛(Goldman Sachs)、摩根大通(J.P.Morgan)、瑞银(UBS)投资银行和蒙特利尔银行资本市场(BMO Capital Markets)是主承销商。在截至7月31日的三个月里，Knowlton Development的营收为6.034亿美元，净亏损1270万美元，而去年同期的营收为4.824亿美元，亏损60万美元。该公司正寻求上市之际，文艺复兴IPO ETF(IPO)今年迄今已上涨5.2%，而标准普尔500指数(S&P500)上涨19.0%。

-Tomi Kilgore

--托米·基尔戈(Tomi Kilgore)

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