Bain-owned Diversey falls 10% in market debut, valued at US$4.1 bil

Bain-owned Diversey falls 10% in market debut, valued at US$4.1 bil

The Edge Markets - World·2021-03-26 05:04

BENGALURU (March 25): Shares of Bain Capital-owned Diversey Holdings Ltd fell more than 10% in their stock market debut on Thursday, fetching a valuation of US$4.1 billion for the provider of cleaning and hygiene products.

Diversey's stock opened at US$13.5 on the Nasdaq, below its initial public offering (IPO) price of US$15 per share. The company raised US$692 million from its offering of about 46.2 million shares on Wednesday.

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