Dual Tag

Coty is officially moving ahead with its dual listing plans on the Paris Stock Exchange. The wonder company, whose brands include Covergirl, Lancaster and Kylie Cosmetics, announced the launch of a worldwide offering of 33 million shares of Coty’s outstanding Class A typical stock. Coty has applied for the listing and trading of its Class A typical stock on the skilled segment of Euronext Paris. Investors will then have the choice to buy Coty shares either in euros for shares listed on Euronext Paris or dollars for shares listed on the Latest York Stock Exchange. The completion of the proposed offering is subject to a lot of conditions. In an interview with WWD in May, Coty Inc chief executive officer Sue Y. Nabi...