Oddity Tech Ltd

Oddity Tech Ltd (ODD) priced its initial public offering on Jul 20, 2023 at $35.00 per share, above its $32.00–$34.00 range, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $1.98B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, Allen & Company and BofA Securities and others. Herzog Fox & Neeman and Latham & Watkins advised the company and Goldfarb Gross Seligman and Davis Polk advised the underwriters.

ODDITY Tech Ltd. is a consumer tech platform for the global beauty and wellness market, supporting a portfolio of brands, led by IL MAKIAGE and including SpoiledChild. It applies data science, machine learning and computer vision, and its tech team is over 40% of headcount.

Status

IPO

Ticker

ODD

Exchange

Nasdaq Global Market

Priced

Jul 20, 2023

IPO price

$35.00

Price range

$32.00–$34.00

Market cap at IPO price

$1.98B

First filed

Jun 23, 2023

Underwriters

Goldman Sachs, Morgan Stanley, Allen & Company, BofA Securities, Barclays, Truist, Citizens JMP and KeyBanc

Company counsel

Herzog Fox & Neeman and Latham & Watkins

Underwriters' counsel

Goldfarb Gross Seligman and Davis Polk

Sector

Industrials & materials

Country / state

Israel

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