ODDITY Announces Pricing of Secondary Offering of Class A Ordinary Shares
March 14 2024 - 8:55PM
ODDITY Tech Ltd. (“ODDITY”) today announced the pricing of a
previously announced underwritten secondary public offering of
4,782,609 of ODDITY’s Class A ordinary shares (“Ordinary Shares”)
by a fund managed by L Catterton (the “Selling Stockholder”)
at a price of $43.50 per share. The Selling Stockholder has also
granted the underwriters a 30-day option to purchase up to an
additional 717,391 Ordinary Shares. The offering is
expected to close on March 19, 2024, subject to the satisfaction of
customary closing conditions.
ODDITY is not selling any Ordinary Shares in the offering and
will not receive any proceeds from the sale of the shares being
offered by the Selling Stockholder.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan
Stanley & Co. LLC, Allen & Company LLC and Evercore Group
L.L.C. are acting as joint lead book-running managers for the
offering. Barclays Capital Inc. is also acting as a lead
book-running manager for the offering. Truist Securities, Inc.,
Citizens JMP Securities, LLC and KeyBanc Capital Markets Inc. are
acting as book-running managers for the offering.
The proposed offering is being made only by means of a
prospectus. A copy of the final prospectus related to the offering
may be obtained, when available, from: Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, New
York 10282, by telephone at (866) 471-2526, or by email at
prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, by telephone at 1-866-803-9204, or by email at
prospectus-eq_fi@jpmchase.com; and Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014, by telephone at 1-866-718-1649, or by email at
prospectus@morganstanley.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
on March 14, 2024. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About ODDITY
ODDITY is a consumer tech company that builds and scales
digital-first brands to disrupt the offline-dominated beauty and
wellness industries. The company serves approximately 50 million
users with its AI-driven online platform, deploying data science to
identify consumer needs, and developing solutions in the form of
beauty and wellness products. ODDITY owns IL MAKIAGE and
SpoiledChild. The company operates with business headquarters in
New York City, an R&D center in Tel Aviv, Israel, and a
biotechnology lab in Boston.
Contacts
Press:
Michael Braun
michaelb@oddity.com
Investor:
investors@oddity.com
ODDITY Tech (NASDAQ:ODD)
Historical Stock Chart
From Apr 2024 to May 2024
ODDITY Tech (NASDAQ:ODD)
Historical Stock Chart
From May 2023 to May 2024