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.
Free Webinar: The Primary Step in Creating Value: How the Right Corporate Governance Can Drive Growth
- To what extend can the relationship between the GP and board impact the company?
- How can GPs ensure trickle down change in organisations?
- How can technology help bridge the gap between GPs and management boards?
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
Can’t stop reading? Read more
Ares lands $9.8bn for flagship opportunistic credit strategy
Ares lands $9.8bn for flagship opportunistic credit strategy Ares has raised more than $9.8bn for...
CVC DIF appoints Enrico Del Prete to scale $25bn value-add platform
CVC DIF appoints Enrico Del Prete to scale $25bn value-add platform CVC DIF has appointed Enrico...
2PointZero targets Whoop in $10.1bn funding round alongside Gulf investors
2PointZero targets Whoop in $10.1bn funding round alongside Gulf investors 2PointZero has agreed...