From a Small Garage Company to Millions in Sales- Olaplex Prepares to Raise $1.2 Billion in an Upcoming IPO

Olaplex, Inc. prepares to Raise $1.2 billion in an upcoming IPO.

Olaplex is a hair care company started in California garage, in  2014. It grown to millions of fans both in the United States and internationally. Olaplex has a patented technology that helps cure many hair problems that women deal with such as dry hair, frizzy hair, breakage, and color treated hair damage. The treatments bring shine, moisture and life to hair that has been damaged.

The invention includes ” the Bis-Aminopropyl Diglycol Dimaleate ingredient that is patented. Since hair contains millions of disulfide bonds, the patented technology allows the bonds that  give the hair its structure, strength, and stability. When disulfide bonds are broken, it results in damage.

The Olaplex hair care line is a cult favorite among millions and is one of Sephora’s best sellers. Products are also sold at Walmart, QCV, and Amazon. On Sephora, the company has over 35,800  reviews with 85% recommending the products.

Olaplex Holdings Inc. has increased the estimated  price range of its upcoming initial public offering to $17-$19  from $14-$16 a share. The size of the offering is 67 million shares. The company plans to raise $1.2 billion. Morgan Stanley,  Barclays, Goldman Sachs,  and J.P. Morgan Chase are the lead underwriters.

The company will trade under the ticker symbol OLPX. The investment funds affiliated with Advent International Corp. will own 78.2% of the company’s shares if the underwriters exercise their option to purchase additional shares of common stock.

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