THE WHAT? Coty has filed an IPO for its Brazilian unit in order to help it deleverage and expand its businesses, according to a report by US News.
THE DETAILS While the offering amount of price per share is yet to be disclosed, a source has stated that the company is aiming to raise at least 1 billion reais ($190.68 million) to its coffers in the IPO.
Santander Brasil, Bank of America, Itau BBA will handle the transaction.
THE WHY? Coty stated in the filing with the Brazilian securities regulator that it plans to raise fresh proceeds to expand e-commerce and develop new products, and is the latest firm to cash in on the record IPO wave in Latin America.
Chief Financial Officer Laurent Mercier said in a call with analysts, “It’s definitely a decision with the goal of supporting the growth of the Brazil business and Coty’s personal-care brands.”
Aesthetic medicine products are developed and regulated to meet stringent safety and efficacy standards. They are typically administered by trained healthcare professionals such as dermatologists, plastic surgeons, and specialized nurses in clinical settings. These products aim to provide effective solutions for cosmetic enhancement, skin rejuvenation, and overall aesthetic improvement, contributing to both physical appearance and self-confidence.
Key categories of aesthetic medicine products include:
-
Injectables: This category includes products such as dermal fillers, botulinum toxins (e.g., Botox), and collagen stimulators. These injectables are used to smooth wrinkles, add volume, and improve facial contours.
-
Skin Rejuvenation Treatments: Products like chemical peels, microdermabrasion systems, and laser devices are used to improve skin texture, reduce pigmentation irregularities, and enhance overall skin tone.
-
Skincare Products: These include medical-grade cleansers, moisturizers, serums, and topical treatments containing active ingredients like retinoids, antioxidants, and growth factors. They are formulated to address specific skin concerns such as acne, aging, and hyperpigmentation.
-
Hair Restoration Products: Medical treatments and products designed to promote hair growth and treat conditions such as male and female pattern baldness.
-
Body Contouring and Fat Reduction: Devices and products used for non-surgical body sculpting, such as cryolipolysis (cool sculpting) devices and injectable lipolytics.
-
Cosmeceuticals: High-performance skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing potent ingredients with proven clinical benefits.
-
Wound Care and Scar Management: Products like silicone sheets, gels, and advanced wound dressings used to improve healing and reduce the appearance of scars.
