J&J said it launched a roadshow for Kenvue's IPO of more than 151 million shares of common stock.
J&J said it launched a roadshow for the IPO of more than 151 million shares of common stock.J&JThe company will own 1.7 billion shares of Kenvue's common stock after the IPO, representing 91.9% of the spinoff's total shares.
J&J's consumer health business makes Band-Aid bandages, skin care products under the brands Neutrogena and Aveeno, pain relief drug Tylenol and the company's baby powder.
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