This week has become one of the busiest of 2016 in regards to IPO’s hitting the U.S. market, one of which is Elf Cosmetics. Having been majority owned since 2014 by private equity firm TPG Growth, the brand is now looking to sell about 8.3 million shares with the hope of raising more than $125 million. Prices are said to range between $14-16 per share.
Elf Cosmetics entering the public market marks the 9th IPO to do so this week, joining names like The Trade Desk and Novan. This comes following last week, which saw Saban Capital Acquisition, a blank check company formed with the intent to enter a merger or share exchange, raise $235 million in it’s IPO through the NASDAQ market. Share prices were set at $10, being comprised of a Class A ordinary share and one-half of one warrant with a whole warrant allowing investors to purchase one share for $11.50.