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UPDATE 1-Bain Capital-owned Diversey aims for $6.38 bln valuation in U.S. IPO

· 03/16/2021 07:58
UPDATE 1-Bain Capital-owned Diversey aims for $6.38 bln valuation in U.S. IPO

Adds details from filing

- Bain Capital-owned food hygiene company Diversey Holdings Ltd said on Tuesday it was aiming for a valuation of up to $6.38 billion in its initial public offering in the United States.

Diversey was looking to raise up to $970 million in its IPO, selling about 46.2 million shares priced between $18 and $21 per share, the company said in a filing. (https://bit.ly/3qTch9M)

Bain had acquired South Carolina-based Diversey in 2017 from Sealed Air Corp SEE.N for about $3.2 billion.

Citigroup, Morgan Stanley, Barclays and JP Morgan are the lead underwriters for the offering.


(Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber)

((Niket.Nishant@thomsonreuters.com;))