Coty Wins this year’s Euronext Best listing Award in the Large Cap category

Rhea-AI Summary

Coty (COTY) wins Euronext Best Listing Award in Large Cap category, raising €339.2 million in successful secondary listing on Euronext Paris. Sue Nabi, CEO, expresses pride in the achievement and thanks European investors for their trust. The award recognizes Coty's global offering and marks a significant milestone in the company's growth strategy.

PARIS--(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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240319523318/en/

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

Source: Coty

FAQ

What award did Coty win at the Euronext Annual Conference?

Coty won the Euronext Best Listing Award in the Large Cap category at the 12th edition of the Euronext Annual Conference.

How much money did Coty raise in the successful secondary listing on Euronext Paris?

Coty raised €339.2 million in the secondary listing on Euronext Paris.

Who is the CEO of Coty?

Sue Nabi is the CEO of Coty.

What was the 47th listing on Euronext in 2023?

Coty's listing on Euronext Paris was the 47th listing on Euronext in 2023.

What is the significance of the Euronext Best Listing Award for Coty?

The award recognizes Coty's global offering and marks a significant milestone in the company's growth strategy.