Advent Internation IPO: Olaplex Holdings Inc., a company owned by private equity firm Advent International, has applied for an IPO in the US stock market. For the IPO, the company wants its valuation to be $10.4 billion. Olaplex Holdings is a hair-care product company.
The company said it would offer its 67 million shares in a price band of $14-16. According to the upper price band, the size of Olaplex’s IPO is around $1.07 billion.
Founded in 2014, Olaplex was bought by Advent in 2019. Apart from Olaplex, two more Advent companies are preparing to IPO on the US stock market. This includes payments company Explore Technologies LLC and food company Sovos Brands INC.
Olaplex is preparing to list its shares on the Nasdaq under the symbol “OLPX”. The company’s lead underwriters include Goldman Sachs & Company, JP Morgan, Morgan Stanley and Barclay.