FineToday Holdings Co., a Japanese personal-care company, is preparing to go public on the Tokyo Stock Exchange's Prime Market on December 17. The company is backed by CVC Capital Partners Plc and is expected to have a market valuation of ¥219.4 billion ($1.4 billion) based on its indicative price.

This is a significant step for FineToday as it aims to expand its market presence. The IPO has the potential to raise up to ¥88.3 billion globally, including the overallotment option, with an indicative price of ¥2,150 per share.

The company's IPO on the Tokyo Stock Exchange's Prime Market will provide FineToday with the opportunity to increase its market presence and further grow its business. With the backing of CVC Capital Partners Plc, FineToday is expected to have a market valuation of ¥219.4 billion ($1.4 billion) based on its indicative price of ¥2,150 per share. This significant milestone marks an important moment for FineToday as it looks to expand and solidify its position in the personal-care industry.