Coty Inc.’s first trading day got off to a lukewarm start on Thursday.
Making its debut against the backdrop of a robust stock market, Coty’s shares — initially priced at $17.50 — had dropped to $16.90 by late morning, but began to rebound throughout the day to close at $17.36 on Thursday, or down 0.8 percent, on the New York Stock Exchange. The closing stock price values Coty at roughly $6.94 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"