European Wax Center, Inc.

European Wax Center, Inc. (EWCZ) priced its initial public offering on Aug 6, 2021 at $17.00 per share, within its $15.00–$18.00 range, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.08B. Morgan Stanley was lead-left underwriter, joined by BofA Securities, Jefferies and Citigroup and others. Paul, Weiss advised the company and Latham & Watkins advised the underwriters.

European Wax Center, Inc. is a franchisor of out-of-home waxing services. Its platform supports franchisees with technology, training and marketing, and it is seeking to grow its male guests, who are 5% of its total guests.

Status

IPO

Ticker

EWCZ

Exchange

Nasdaq Global Select

Priced

Aug 6, 2021

IPO price

$17.00

Price range

$15.00–$18.00

Market cap at IPO price

$1.08B

First filed

Jul 13, 2021

Underwriters

Morgan Stanley, BofA Securities, Jefferies, Citigroup, Guggenheim, Truist, Baird, Telsey, Academy Securities, Penserra and R. Seelaus

Company counsel

Paul, Weiss

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

TX

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.