Wella Company Files for U.S. IPO, Backed by KKR
The Wella Company, owner of OPI nail polish and hair care products, has filed for a U.S. initial public offering (IPO). The company operates in over 100 countries with more than 6,000 employees across global offices including Geneva, New York City, London, Calabasas, California, and Darmstadt, Germany. KKR acquired a controlling stake of 60% in Wella from Coty in 2020 when the business was spun off as an independent entity. The valuation at that time included debt and amounted to $4.3 billion. Goldman Sachs, BofA Securities, KKR, and J.P. Morgan are underwriting the IPO. Wella plans to list on the New York Stock Exchange (NYSE) under the ticker symbol 'WELA'. This move aligns with a broader trend of consumer companies seeking public market funding.
Tickers: $KKR
Topics: beauty industry consumer goods IPO KKR