Olaplex Holdings, the hair-care products maker owned by private equity firm Advent International, said on Monday it was seeking a valuation of up to $10.4bn in its initial public offering in the United States.
The company said here it was offering 67 million shares priced between $14 and $16 each. At the top end of the range, Olaplex would raise $1.07 billion in the IPO.
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Olaplex, founded in 2014, was bought by Advent in 2019 and joins payments firm Xplor Technologies Llc here and food company Sovos Brands Inc, which are the other companies from Advent’s portfolio looking to go public in the United States.
Olaplex will be looking to list its shares on the Nasdaq under the symbol “OLPX.” Goldman Sachs & Co, J.P. Morgan, Morgan Stanley and Barclays are the lead underwriters for the IPO.
Source: Reuters
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