J&J's Kenvue likely to fetch up to $46.7 bln valuation in market debut

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 4 (Reuters) - Johnson & Johnson's consumer health unit Kenvue Inc was set to fetch a valuation of up to $46.7 billion on Thursday, as its shares were indicated to open nearly 14% above their offer price on the NYSE. Kenvue had priced its shares at $22 apiece.

(Reporting by Manya Saini and Bhanvi Satija in Bengaluru; Editing by Shounak Dasgupta and Shinjini Ganguli)

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