Wella Company, which operates in over 100 countries and employs more than 6,000 people, has officially filed for a U.S. IPO, aiming to list on the NYSE under the ticker symbol 'WELA'. The company, backed by KKR, was previously acquired from Coty in 2020 for $4.3 billion, including debt.
Wella's IPO is part of a broader trend of consumer companies seeking to enter public markets, reflecting renewed investor interest in the sector. The firm has been preparing for this move with the assistance of major investment banks, including Goldman Sachs, BofA Securities, KKR, and J.P. Morgan, which are acting as underwriters for the offering.
This IPO could provide Wella with significant capital to further expand its operations and enhance its competitive position in the beauty industry