Coty Inc. Prices Initial Public Offering At $17.50 Per Share

NEW YORK, June 12, 2013 /PRNewswire/ -- Coty Inc. ("Coty") today 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.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley, Barclays, Deutsche Bank Securities and Wells Fargo Securities are acting as joint book-running managers for the offering.  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.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Any offer or sale will be made only by means of a written prospectus forming part of the effective registration statement.  A copy of the final prospectus relating to these securities may be obtained, when available, from: BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department or email dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC, via Broadridge Financial Solutions, 1155 Long Island Ave, Edgewood, New York 11717, telephone: 1-866-803-9204; or Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649, email: prospectus@morganstanley.com.

About Coty Inc.

Coty is an emerging leader in global beauty.  Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories.  Coty's product offerings include such global brands as adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.

For additional information about Coty Inc., please visit www.coty.com

Forward-Looking Statements

This press release contains a number of forward-looking statements.  Words, and variations of words such as "believe," "expect," "plan," "continue," "will," "should," and similar expressions are intended to identify our forward-looking statements, including but not limited to, statements regarding the commencement of trading of Coty's Class A common stock on the NYSE.  These forward-looking statements involve risks and uncertainties, many of which are beyond our control, and important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, trading disruptions, suspensions or limits or difficulties in complying with NYSE requirements.  For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our registration statement on Form S-1, as amended from time to time.  We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.

 

SOURCE Coty Inc.



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