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J&J Has Kenvue IPO Roadshow In One Lane, Potentially Long Road For Talc Litigation In Other

 
• By Malcolm Spicer

Roadshow stated for IPO planned for before end of 2023 of 151.2m shares of Kenvue common stock currently expected at between $20 and $23 per share. Analysts positive on IPO but caution launch wouldn’t come problem-free.

• Source: Shutterstock

Johnson & Johnson is on the road to show investors the value of the consumer health business it plans to spin out this year, Kenvue Inc., while a court considering the firm’s second bankruptcy filing for a subsidiary it created to handle its talc-product liabilities will say hit the road or accept the proposal.

The firm says it’s launched a roadshow for the initial public offering planned for before the end of 2023 of 151.2m shares of Kenvue common stock currently expected to be priced at between $20 and $23 per share

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