Diversey Holdings Ltd, a hygiene, infection prevention and cleaning product manufacturer, has filed Amendment No 1 to Form S-1 Registration Statement on March 16, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $900 million by offering 46.2 million shares at a price range of $18 to $21. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $5.9 billion.
The company’s fully integrated suite of solutions combines patented chemicals, dosing and dispensing equipment, cleaning machines, services and digital analysis and serves more than 85,000 customers in over 80 countries via their vast network of more than 1,400 technicians and approximately 8,500 employees globally.
The Northampton, United Kingdom-based company was founded in 1923 and booked $2.6 billion in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “DSEY.” Citi, Morgan Stanley, Barclays, J.P. Morgan, BofA Securities, Credit Suisse, Goldman Sachs, Jefferies, RBC Capital Markets and UBS Investment Bank are underwriters of the IPO.
The company engages Kirkland & Ellis LLP as US Securities Counsel, and Ernst & Young LLP as Independent Auditor.
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