The initial public offering would be worth between $3.02 billion and $3.48 billion. Once the IPO has been completed, Johnson & Johnson will own 1.72 billion shares of Kenvue's common shares, representing 91.9% of its total stock. The Wall Street Journal reported Sunday in an exclusive that Johnson & Johnson was poised to begin a roadshow to pitch shares of Kenvue. Johnson & Johnson's Kenvue initial public offering would be worth between $3.02 billion and $3.48 billion. The original version incorrectly said the initial public offering would be worth between $3.02 billion and $4.54 billion.

Source: Wall Street Journal April 24, 2023 21:10 UTC