ODDITY Announces Secondary Offering of Class A Ordinary Shares
12 März 2024 - 9:16PM
ODDITY Tech Ltd. (“ODDITY”) today announced the commencement of an
underwritten secondary public offering of 4,000,000 of ODDITY’s
Class A ordinary shares (“Ordinary Shares”) by a fund managed by
L Catterton (the “Selling Stockholder”). The Selling
Stockholder intends to grant the underwriters a 30-day option to
purchase up to an additional 600,000 Ordinary Shares.
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
proposed offering. Barclays is also acting as a lead book-running
manager for the proposed offering.
The proposed offering will be made only by means of a
prospectus. A copy of the preliminary prospectus related to the
proposed offering may be obtained 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 has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective. 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
Von Mai 2024 bis Jun 2024
ODDITY Tech (NASDAQ:ODD)
Historical Stock Chart
Von Jun 2023 bis Jun 2024