Bare Escentuals, a San Francisco cosmetics company, has seen its shares rise 32 percent in its market debut today, after pricing its 16 million common shares at $22 per share.
The pricing was already up from a $15-$17 range.
Nice Nasdaq ticker symbol: BARE.
Shareholders Berkshire Partners and JH Partners hold 38.2 percent and 25.8 percent in the company after IPO, respectively.
The offering price gave the company an initial market capitalization of $1.9 billion.
2 Comments
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Mr Wave said:
Low tech may be more sexy than high tech. ShutterFly barely budged 3% today, while another IPO, Bare Escentuals, Inc. (Nasdaq BARE) gained 22% on its debut. Bare Escentuals not only priced at $22, well above the range of $15-$17, but it tacked on another $5.15 to close the day at $27.15. Tell that to a venture capitalist! You just might find them investing in consumer skincare companies and chasing after the next Body Shop Read More
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Mia said:
It’s amazing the money that will come from BARE. They started as almost nothing and they are now going public. We will see what happens in about a year when everything catches up to them and their investors. Hopefully, it all won’t be considered a wash.
