ICONIQ Capital
Venture Capital, Investment Management
Oddity Tech (Il Makiage, SpoiledChild) raises $424M in Nasdaq IPO at $35 a share; opens at $49.10, $2.8B market cap
Oddity Tech, the Israeli parent of Il Makiage and SpoiledChild, postponed a planned 2022 IPO and went public on Nasdaq under ticker ODD after strong financial gains; net income rose to $19.6 million for the year ending March 2023, up 553% year-over-year. The company raised nearly $424 million selling shares at $35, opened at $49.10 giving a $2.8 billion market cap, and reported SpoiledChild reached $100 million revenue in under a year.
