After 109 years of selling beauty products, Coty Inc is ready for its close-up, blemishes and all.The maker of Stetson cologne, OPI nail polish and Sally Hansen lip balm is set to go public Wednesday on the New York Stock Exchange, with shares to trade on Thursday.Demand for the $1 billion initial public offering is expected to be strong, bankers said, with investors eager for a big consumer deal. Coty will not get any money from the IPO.The IPO will come amid a dearth of large public offerings from U.S. consumer companies. Only five have gone public so far this year out of 75 IPOs across all sectors, according to Thomson Reuters data.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.09% or $-0.03/share to $33.74. In the past year, the shares have traded as low as $26.71 and as high as $35.40. On average, 1170000 shares of TRI exchange hands on a given day and today's volume is recorded at 976245.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.2% or $-0.07/share to $34.38. In the past year, the shares have traded as low as $26.65 and as high as $36.75. On average, 1237190 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 993342.
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