Olaplex Holdings Inc, a scientific beauty brand came out with an IPO on 30th September 2021 at $21 a share, which is at a premium to its original price range of $17-19. In this IPO offering it sold a total of 73.7 million shares as compared to the initial 67 million and has raised more than $1.5 billion for shareholders.
Olapex is well-known and popular as a bond-building hair brand and has products for both professional and home use. Some of its popular products are bond multipliers, shampoos, and conditioners. So far, the company has 100 patents as most of its products are based on scientifically proven designs.