Kenvue’s Record-Breaking IPO Success on Wall Street Sends Shockwaves; Fluvius Contemplates Similar Move

2023-06-16 14:59:00

Kenvue makes the biggest IPO of the year and jumps 17% in its first steps on Wall Street

This listing on the New York Stock Exchange closed with a share price of 43.78 dollars, while the offer price was 22 dollars, explains Litter. Cava was therefore valued at 4.9 billion dollars, or 4.5 billion euros. The main shareholder of the company is Artal with a 28.2% stake with 32 million shares. Cava’s other major shareholder is Fred Schaufeld with 9.9% of the company through his holding company SWaN&Legend.

Fluvius is considering an IPO for its investments

Thanks to these new gains, the Wittouck family, which already had a fortune estimated at 10.8 billion euros, won an additional 640 million euros in just one day, or 700 million dollars. After this IPO, investors will not be able to sell their shares for the next 180 days. Thus, the benefits are not yet effective.

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