Deals
L Catterton-Backed Oddity Surpasses Goal With $424 Million IPO
- Upsized offering for beauty firm priced above marketed range
- Company’s brands include Il Makiage and SpoiledChild
This article is for subscribers only.
Beauty and wellness company Oddity Tech Ltd. and its shareholders raised $424 million in an upsized initial public offering after pricing shares above a marketed range.
The Tel Aviv-based company, along with its founder and private equity firm L Catterton, sold about 12.1 million shares Tuesday for $35 each, according to a statement. Oddity had marketed 10.5 million shares for $32 to $34, a range it already had elevated on Monday.