Coty has selected underwriters for a possible IPO this summer in an offering that would value...

|By:, SA News Editor

Coty has selected underwriters for a possible IPO this summer in an offering that would value the company at $6B-$7B, according to CNBC. The news could dampen the spirits of those calling Coty's withdrawal of its bid for Avon (AVP -0.2%) a negotiating tactic.