Coty Wins this year’s Euronext Best listing Award in the Large Cap category
March 19 2024 - 10:00AM
Business Wire
Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest
beauty companies with a portfolio of iconic brands across
fragrance, color cosmetics, skin and body care, has won this year’s
Euronext Best Listing Award in the Large Cap category, at the 12th
edition of the Euronext Annual Conference held on March 19, 2024 in
Paris.
The award recognizes the success of Coty's global offering, the
largest to date on Euronext Growth®. The secondary listing on
Euronext Paris was a resounding success for the company, raising
€339.2 million, making it the 47th listing on Euronext in 2023 and
the 11th international listing. This success was driven by strong
interest amongst top-tier European institutional investors,
resulting in the initial offer being many times oversubscribed.
Sue Nabi, CEO of Coty, said: "We are immensely proud to receive
this award for the Best Listing Award of the year in the Large Cap
category, at the Euronext Stock Market Awards. It recognizes the
largest offering ever made on Euronext Growth since its creation.
We would like to thank our European investors for their trust and
the great enthusiasm they have shown for Coty and our growth, as
well as all the partners who contributed to the success of the
listing.
The funds raised have allowed us to accelerate the reinvestment
in our brands and deleveraging agenda as we strengthen our position
as a global player in beauty. As we celebrate our 120th
anniversary, we will continue to invest in our brands and
innovations to create sustainable and profitable growth for our
shareholders. By returning to our Parisian roots, we opened a new
chapter for Coty and invite additional European investors to join
us in the next phase of our growth story.”
The Euronext Annual Stock Market Awards, organized by Euronext,
aim to highlight the most remarkable transactions in their
respective sectors and to promote best practices on the market. The
winner of each category is selected by a jury of experts based on
quantitative and qualitative criteria.
About Coty
Founded in Paris in 1904, Coty is one of the world’s largest
beauty companies with a portfolio of iconic brands across
fragrance, color cosmetics, and skin and body care. We serve
consumers around the world, selling prestige and mass market
products in more than 125 countries and territories. Coty and our
brands empower people to express themselves freely, creating their
own visions of beauty; and we are committed to protecting the
planet. Learn more at coty.com or on LinkedIn and Instagram.
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Investor Relations Olga Levinzon +1 212 389-7733
olga_levinzon@cotyinc.com
Media Aurélie Petit: +33 6 01 33 05 53
aurelie_petit@cotyinc.com
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