European Wax Center, Inc.

General Information
Business:

We are the largest and the fastest-growing franchisor and operator of out-of-home (OOH) waxing services in the United States by number of centers and system-wide sales. We delivered over 21 million waxing services in 2019 and over 13 million waxing services in 2020, generating more than $687 million and $469 million of system-wide sales, respectively, across our highly franchised network. We have a leading portfolio of centers operating in 808 locations across 44 states as of March 27, 2021. Of these locations, 803 are franchised centers operated by franchisees and five are corporate-owned centers.

(Note: European Wax Center, Inc., priced its IPO on Aug. 4, 2021, at $17 – above the mid-point of its $15-to-$18 range – on 10.6 million shares, the same number of shares in its prospectus, to raise $180.2 million.)

Industry: Services - Personal Services
Employees: 92
Founded: 2004
Contact Information
Address 5830 Granite Parkway, 3rd Floor Plano, Texas 75024
Phone Number (469) 264-8123
Web Address http://www.waxcenter.com/
View Prospectus: European Wax Center, Inc.
Financial Information
Market Cap $1052.54mil
Revenues $107.25 mil (last 12 months)
Net Income $-19.44 mil (last 12 months)
IPO Profile
Symbol EWCZ
Exchange NASDAQ
Shares (millions): 10.6
Price range $17.00 - $17.00
Est. $ Volume $180.2 mil
Manager / Joint Managers Morgan Stanley/ BofA Securities/ Jefferies
CO-Managers Citigroup / Guggenheim Securities/ Truist Securities/ Baird/ Telsey Advisory Group/ Academy Securities/ Penserra Securities LLC/ R. Seelaus & Co., LLC
Expected To Trade: 8/5/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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