$WELA · Wella Co
The Wella Company, a Delaware corporation, filed Amendment No. 2 to its Form S-1 registration statement on November 13, 2026, for a proposed IPO of common stock to list on the NYSE under "WELA." Prior to the offering, the company will undertake Reorganization Transactions making it the holding company of Rainbow Capital Group Limited and its subsidiaries. KKR Stockholders will retain approximately a majority of voting power post-offering, making Wella a "controlled company" under NYSE standards. The prospectus leaves the IPO price range and share count blank.
- KKR Stockholders will retain approximately majority voting power post-offering, making Wella a NYSE 'controlled company.'
- Underwriters include Goldman Sachs, BofA Securities, KKR, J.P. Morgan, and William Blair.
- Wella Professionals held the #1 global brand rank in salon hair color for six consecutive years per Kline & Co.
- OPI is the #1 ranked nail brand among premium retail nail brands globally per Euromonitor.
- IPO price range and number of shares offered are not yet disclosed in the prospectus.
Price data unavailable.
A major beauty company backed by KKR is moving toward a public listing, with strong brand rankings but a controlled-company governance structure.
Wella enters a beauty/personal-care IPO market with strong brand positions in professional hair color and premium nail care, competing against established consumer and salon-channel players.
As a KKR-controlled company, minority shareholders will have limited influence over governance and board composition. The prospectus notes no prior public market for the shares and that the offering price has not yet been set.