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Coty Prices Initial Public Offering

The beauty company priced its stock at $17.50 per share.

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By: Jamie Matusow

Editor-in-Chief

Coty announced the pricing of its initial public offering of 57,142,857 shares of its Class A common stock at a price of $17.50 per share.

Coty’s Class A common stock is expected to begin trading on the New York Stock Exchange on June 13, 2013 under the ticker symbol “COTY.”

The shares offered are being sold by existing Coty stockholders, and Coty will not receive any of the proceeds of the offering. These existing stockholders have also granted the underwriters an option for 30 days to purchase an additional 8,571,428 shares of Class A common stock at the initial offering price less the underwriting discount.

The joint book-running managers for the offering are: BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley, Barclays, Deutsche Bank Securities and Wells Fargo Securities. Lazard Capital Markets, Piper Jaffray and RBC Capital Markets are acting as lead managers.

BNP PARIBAS, Credit Agricole CIB, HSBC, ING, Moelis & Company, RBS Securities Inc., Sanford C. Bernstein and Santander are acting as co-managers. Ramirez & Co., Inc., Telsey Advisory Group and The Williams Capital Group, L.P. are acting as junior co-managers.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission.

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