How much is Olaplex worth?

Olaplex’s valuation after its initial public offering (IPO) stood at more than $15 billion on Oct. 1, 2021. The company generated net income of $49.4 million on $152.1 million in net sales during its most recent quarter ended June 30, 2021. Olaplex was founded by its former chief executive officer (CEO), Dean Christal.

When did Olaplex go public?

Olaplex went public on the Nasdaq on Sept. 30, 2021 at $21 a share, significantly above its original range of $17–$19. The offering sold a total of 73.7 million shares, up from an initial 67 million, after a greenshoe option was exercised. The initial public offering (IPO) raised more than $1.5 billion for shareholders.

Will Olaplex IPO expand brand awareness?

President, CEO, and director JuE Wong told me that the IPO will expand brand awareness of Olaplex at a time when consumers are thinking less about value in terms of price, but rather in terms of performance. “Hair care as a beauty category has always been a little bit of a stepchild,” Wong said.

Will Olaplex grow within its core competency?

Olaplex plans to grow within its core competency, hair care. Olaplex Holdings, the science-enabled, technology-driven hair care company, today listed on the Nasdaq NDAQ +0.1% Global Select Market tier of the broader Nasdaq stock exchange. The IPO raised $1.5 billion after selling 73.7 million shares at $21.