Bain Capital-backed Diversey pulls in $692M+ through IPO
March 26, 2021
Diversey, a manufacturer of sanitation products for the facility management, healthcare and retail industries, saw its shares remain flat Thursday after the South Carolina-based company raised $692.3 million in an IPO by selling some 46.2 million shares at $15 apiece. The company was expected to price shares at between $18 to $21. Bain Capital acquired Diversey from Sealed Air for roughly $3.2 billion in 2017.