Bain Capital-owned Diversey aims for $6.38 billion valuation in U.S. IPO

(Reuters) – 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.

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

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

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