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Coty which is based in New york made a significant move by listing on the Paris Stock Exchange. It offered 33 million common shares at €10.28 ($10.80) per share.
The decision for dual listing in Paris was aimed at strengthening its presence in Europe and attracting investors from the region. This move also aligns with their strategy to reduce debt, a goal set after their acquisition of several Procter & Gamble beauty brands in 2016.
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