Milan Laser Inc.
(Note: Milan Laser Inc. withdrew its IPO plans in an SEC letter dated Oct. 21, 2022. Milan Laser had not disclosed terms for its IPO. The company filed its S-1 on Oct. 15, 2021, after submitting confidential IPO documents on Aug. 12, 2021.)
Co-founded in 2012 by Dr. Shikhar Saxena and Dr. Abe Schumacher, we are revolutionizing the aesthetics industry as the largest company in the U.S. that focuses solely on laser hair removal services, on both a Revenue and number of clinics basis. We were born from the simple realization that there was a market need for a customer-centric, high-quality and professional hair removal experience. Today, we are the leading pure-play provider in the highly fragmented laser hair removal market, with 132 clinics across 23 states as of June 30, 2021.
At Milan, we believe that everyone — regardless of their age, gender identity, or ethnicity — deserves to feel confident in their skin. We believe we offer an unmatched solution for those struggling with unwanted body hair that provides customers best-in-class laser hair removal treatments paired with price certainty and flexible payment plans, all delivered in our comfortable and convenient clinics across the nation.
We believe that laser hair removal is a better alternative to other hair removal techniques such as shaving, waxing or sugaring as it uses FDA-cleared lasers, and is safe, fast (appointments as short as 10 minutes), effective, affordable, and, most importantly, a permanent solution for the reduction of unwanted hair. Unlike many of our independent competitors who often employ beauticians and aestheticians, all of our treatments are performed by highly trained medical or laser technician professionals using FDA-cleared lasers.
Additionally, we create a customized treatment plan for each customer based on their specific skin tone and hair color, and we include our Unlimited Package with each body area purchased, which guarantees each customer’s results for life at one set price. While customers purchase unlimited treatments for a specific body area, our customers typically achieve over 95% hair-free results in approximately seven to ten primary treatments with subsequent touch-ups if desired.
Note: Revenue and net income figures are for the 12 months that ended Sept. 30, 2021.
|Industry:||Services - Personal Services - Laser Hair Removal|
|Address||17645 Wright Street, Suite 300 Omaha, NE 68130|
|Phone Number||(833) 887-0101|
|View Prospectus:||Milan Laser Inc.|
|Revenues||$142.01 mil (last 12 months)|
|Net Income||$15.34 mil (last 12 months)|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$100.0 mil|
|Manager / Joint Managers||Goldman Sachs/ Jefferies|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|