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Shares of Kenvue were priced at $22, [21] [22] [23] implying an initial equity valuation for Kenvue of about $41 billion, and traded at $26.90 at the end of the first trading day. [24] Raising about $3.8 billion in capital for Kenvue, it was the largest IPO since the IPO of Rivian on November 10, 2021. [25]
In September 2022, Johnson & Johnson chose Kenvue as the new name for its Consumer Health business. Kenvue went public through an IPO in May 2023, with Johnson & Johnson maintaining a controlling stake of around 91 percent. [82] On July 24, 2023, Johnson & Johnson launched an exchange offer to split-off Kenvue. [83]
The name, pronounced ken-view, comes from the English word "ken," which is primarily used on Scotland and means knowledge, and "vue," which references sight. Kenvue, which will become a standalone company in 2023, will include in its portfolio brands such as Band-Aid, Aveeno, Listerine, Tylenol and Neutrogena. [citation needed]
Neutrogena "Norwegian Formula" hand cream. Neutrogena Corporation, [1] trading as Neutrogena, is an American company that produces cosmetics, skin care and hair care, is owned by parent company Kenvue and is headquartered in Skillman, New Jersey. [2]
A close-up of an open Band-Aid. Band-Aid is a brand of adhesive bandages distributed by the consumer health company Kenvue, spun off from Johnson & Johnson in 2023. [3] Invented in 1920, the brand has become a generic term for adhesive bandages in countries such as the United States, Canada, Australia, and others.
Aveeno was founded in 1945 by brothers Albert and Sidney Musher, [1] and its first product was their Soothing Bath Treatment. The active ingredients in all Aveeno products are colloidal oats or oat extracts—avenanthramides, [2] which have been branded as "active naturals".
Johnson's Baby is an American brand of baby cosmetics and skin care products owned by Kenvue. The brand was introduced in 1893 with Johnson's Baby Powder. The product line consists of baby powder, shampoos, body lotions, massage oil, shower gels and baby wipes.
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