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.

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The offering price gave the company an initial market capitalization of $1.9 billion.