Coty files for IPO of up to $700 million

Beauty company Coty Inc on Friday filed with U.S. regulators to raise as much as $700 million in an initial public offering of common stock, more than a month after it pulled a $10.7 billion unsolicited offer to buy Avon Products Inc. Philosophy, a Coty brand / Photo: CotyCoty Chairman Peter Harf had told a German paper last month the company was preparing for an IPO. The company first made a public offer for Avon in April and had raised its offer on May 10, but pulled its bid saying the

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