Bain Capital-owned Diversey Holdings Ltd, which provides cleaning and hygiene products, 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 is seeking to raise up to $970 million in its IPO from selling about 46.2 million shares priced between $18 and $21 apiece, according to the company’s filing.
Bain had acquired Diversey in 2017 from Sealed Air Corp for about $3.2 billion. The Boston-based private equity firm later acquired UK-based Zenith Hygiene Group, which was then merged with Diversey.
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