Advent’s Olaplex Upsizes IPO, Prices It Above Range to Raise $1.6 Billion

Olaplex Holdings Inc., backed by private equity firm Advent International, upsized its initial public offering and priced the shares above a marketed range to raise $1.55 billion.

Advent and other Olaplex investors sold 73.7 million shares for $21 each on Wednesday, according to a statement confirming an earlier report by Bloomberg News. The hair-products maker had marketed 67 million shares for $17 to $19.