Johnson & Johnson sets up mega-IPO for consumer health unit

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Johnson & Johnson sets up mega-IPO for consumer health unit
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It would include such brands as Tylenol, Band-Aid, and Listerine.

for its consumer health products business, which is being spun out under the nameThis could be the largest U.S. IPO since Rivian went public in late 2021, with Renaissance Capital

that Kenvue could raise up to $5 billion. It also encompasses a slew of household brands, including Tylenol, Band-Aid, Johnson's Baby Powder, Listerine, Neutrogena and Nicorette.

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