By staging an initial offering, Coty — a 108-year-old cosmetics maker that has grown from perfumes into a global purveyor of fragrances and high-end nail polishes — would give its parent company a chance to cash out on its investment.
| The KDB Financial Group, owned by the South Korean government, is planning an initial offering by the end of the year, its chairman said, without giving details, Reuters reports.
Last week, Mark Swartz, Tyco's chief financial officer, said he was "very confident" Tyco would sell or spin off CIT in an initial offering by the end of June.
[World Business, Section W.] Sale of Burberry Stock Planned GUS P.L.C., a British retailer that owns the Burberry fashion house, plans to sell as much as a quarter of Burberry in an initial offering by mid-July.
Freescale has become the latest company owned by buyout firms to pursue an initial offering, as the private equity industry seeks to take advantage of improving market conditions to sell their holdings or help refinance their companies.
FINANCIAL TIMES Britain Plans I.P.O. of Postal Service | The British government is planning to privatize the Royal Mail with an initial offering by fall 2013, and analysts say the business could be worth as much as £4 billion, or about $6.4 billion, The Financial Times reports.
Deutsche Telekom has promised to halve its 60.3 billion euros in debt this year, mainly by selling noncore assets and through an initial offering of its wireless unit.
In June, PYA/Monarch filed with the Securities and Exchange Corporation to raise $160 million in an initial offering to be managed by Goldman Sachs, Bear Stearns and Salomon Smith Barney.
In addition to the potential banking fees generated by an initial public offering of Facebook, there is the billions of dollars of unlocked paper wealth realized by Mark Zuckerberg, Facebook's 26-year-old chief, and his fellow executives.
That was not even the worst performance by a Merrill-led initial offering last week.
