ODDITY Tech $424 million IPO
The shares are listed on the Nasdaq Global Market
Davis Polk is advising the representatives of the several underwriters in connection with the $424 million initial public offering by ODDITY Tech Ltd. of 12,105,261 shares of its Class A ordinary shares, of which 10,350,876 shares were offered by the selling shareholders. The selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,815,789 shares. The shares are listed on the Nasdaq Global Market under the symbol “ODD.” The offering is expected to close on July 21, 2023, subject to the satisfaction of customary closing conditions.
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 over 40 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 corporate headquarters in Tel Aviv, Israel, United States headquarters in New York City and a biotechnology lab in Boston.
The Davis Polk capital markets team includes partners Michael Kaplan and Roshni Banker Cariello and associate Arisa Akashi Sin. Partner Matthew J. Bacal and associate Lauren Nathan are providing intellectual property advice. Partner Kara L. Mungovan and associate Liang Zhang are providing tax advice. Counsel Marcie A. Goldstein is providing FINRA advice. All members of the Davis Polk team are based in the New York office.