News Summary: Coty plans to raise $700M in IPO

Published June 29, 2012 4:14pm ET



GOING TO MARKET: Coty Inc. said Friday that it plans to raise $700 million in an initial public offering.

POST-AVON: The seller of perfume, OPI nail polish and other beauty products is moving on after dropping a $10.7 billion takeover bid for its much larger rival, Avon Products Inc.

DETAILS: Coty will list its stock under the “COTY” ticker symbol.