Key facts
- Wella Company, owner of OPI nail polish and Wella hair products, has filed for a U.S. IPO.
- The company has a presence in over 100 countries and employs over 6,000 people.
- Global investment firm KKR acquired a 60% stake in Wella in 2020 for $4.3 billion.
- Wella intends to list on the New York Stock Exchange under the symbol 'WELA'.
- Goldman Sachs, BofA Securities, KKR, and J.P. Morgan are among the underwriters.
Wella Company, the KKR-backed owner of OPI nail polish and Wella hair products, has filed for an initial public offering in the United States. The company, which operates in over 100 countries and employs more than 6,000 people, is seeking to capitalize on investor interest in consumer companies.
Global investment firm KKR initially acquired a 60% stake in Wella from beauty conglomerate Coty in 2020, valuing the business at $4.3 billion at the time. Wella plans to list its shares on the New York Stock Exchange under the ticker symbol 'WELA'. Goldman Sachs, BofA Securities, KKR, and J.P. Morgan are among the investment banks selected as underwriters for the offering.