Diversey Holdings, Ltd.

Diversey Holdings, Ltd. (DSEY) priced its initial public offering on Mar 26, 2021 at $15.00 per share, raising $692.3M. At the IPO price its market capitalization was about $4.56B. Citigroup was lead-left underwriter, joined by Morgan Stanley, Barclays and J.P. Morgan and others. Kirkland & Ellis and Maples and Calder advised the company and Ropes & Gray advised the underwriters.

Diversey Holdings, Ltd. provides hygiene, infection prevention and cleaning solutions, combining patented chemicals, dosing and dispensing equipment, cleaning machines, services and digital analysis. It serves more than 85,000 customers in over 80 countries, focusing on institutional and food and beverage markets, and has a 95-year history.

Status

IPO

Ticker

DSEY

Priced

Mar 26, 2021

IPO price

$15.00

Raised

$692.3M

Market cap at IPO price

$4.56B

First filed

Mar 1, 2021

Underwriters

Citigroup, Morgan Stanley, Barclays, J.P. Morgan, BofA Securities, Credit Suisse, Goldman Sachs, Jefferies, RBC Capital Markets, UBS, Baird and Guggenheim

Company counsel

Kirkland & Ellis and Maples and Calder

Underwriters' counsel

Ropes & Gray

Sector

Industrials & materials

Country / state

SC

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.