Skincare Brand Paula’s Choice Said to Explore IPO This Year
- Maker of cleansers and exfoliants seeks $300 million or more
- Beauty and personal-care companies attract investor interest
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Paula’s Choice, which sells skincare products such as cleansers, sunscreen and moisturizers, is exploring going public as soon as this year, according to people with knowledge of the matter.
The Seattle-based company, backed by private equity firm TA Associates since 2016, has held discussions with underwriters about raising $300 million or more in an initial public offering, said the people, who requested anonymity because the talks are private. Paula’s Choice previously explored an outright sale and attracted interest from at least two private equity firms, one of the people said, while cautioning that a final decision hasn’t been made.