Investing.com investing.com 13 Jan, 2021 00:00 am

Exclusive: Beauty industry supplier Knowlton readies IPO

Exclusive: Beauty industry supplier Knowlton readies IPO
Exclusive: Beauty industry supplier Knowlton readies IPO - sources

By Joshua Franklin (Reuters) - Buyout firm Cornell Capital is preparing a U.Cornell Capital has hired Goldman Sachs Group Inc (NYSE: GS ) to lead KDC's IPO, which may raise around $750 million and come later this year, the sources said, requesting anonymity as the matter is private.Cornell Capital and Goldman Sach declined to comment.initial public offering (IPO) of Knowlton Development Corp (KDC), which could value the manufacturer and custom formulator of products for the beauty industry at more than $5 billion, according to people familiar with the matter.

The IPO plans come at a challenging time for the $500 billion global beauty industry, as people stay home during the COVID-19 pandemic.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

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