Diversey Holdings (DSEY) IPO Opens 10% Lower

March 25, 2021 12:30 PM EDT

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Today's IPO for Diversey Holdings, Ltd. (NASDAQ: DSEY) opened for trading at $13.50 after pricing 46,153,846 ordinary shares at a price to the public of $15.00 per share.

Citigroup, Morgan Stanley, Barclays and J.P. Morgan are acting as book-running managers of the offering. BofA Securities, Credit Suisse, Goldman Sachs & Co. LLC, Jefferies, RBC Capital Markets, UBS Investment Bank, Baird and Guggenheim Securities are also acting as book-running managers. Siebert Williams Shank is acting as a co-manager of the offering.

Diversey’s mission is to protect and care for people through leading hygiene, infection prevention and cleaning solutions. We develop and deliver innovative, mission-critical products, services and technologies that save lives and protect our environment. Over the course of 95 years, the Diversey brand has become synonymous with product quality, service and innovation. Our fully-integrated suite of solutions combines patented chemicals, dosing and dispensing equipment, cleaning machines, services and digital analysis and serves more than 85,000 customers in over 80 countries via our vast network of approximately 8,500 employees globally.

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