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Thursday, 7/2, 07:44 AM
Coca-Cola Plans a $1 Billion IPO of Its India Bottling Arm
- Coca-Cola is preparing to raise about $1 billion by listing its largest India bottler, Hindustan Coca-Cola Beverages, at a valuation near $10 billion, according to reports, with an offering targeted for the summer.
- The move fits Coca-Cola's long strategy of getting out of capital-heavy bottling — and rides one of the world's hottest IPO markets.