ODDITY Tech (ODD proposed), the Israeli beauty brand and consumer tech platform, disclosed terms early today (Monday, July 10, 2023) for its IPO and set a pricing date for next week. (Please see theIPO Calendarfor details.) The company, known for itsIL MAKIAGEmakeup brand, said its IPO will consist of 10.53 million shares (10,526,314 shares) at $27.00 to $30.00 to raise $300.0 million, according to an F-1/A filing dated July 10, 2023.
Goldman Sachs, Morgan Stanley and Allen & Company LLC are the leading the joint book-runners’ team, which includes BofA Securities, Barclays, Truist Securities, JMP Securities and KeyBanc Capital Markets.
Of the 10.53 million shares, the company is offering 1.75 million shares and selling stockholders are offering 8.77 million shares.
If priced at the $28.50 mid-point, ODDITY Tech would have a market cap of $1.61 billion.
ODDITY Tech‘s newest brand,Spoiled Child, offers anti-aging products – collagen supplements to improve the health and luster of hair and skin.
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