By Power Retail | 08 Oct 2020 Adore Beauty has released its prospectus for its IPO, with the hopes to raise $269.5 million at $6.75 per share. Sponsor broker Morgan Stanley's analysts helped the cause with a $651 million to $870 million price … “As we have done for our first 20 years, we are focused on sustainable growth and building a high-quality business over the long term. Its shares were trading at 36.75c, up 84 per cent from its 20c IPO. The offer values the company at $614.8 million, and will be based on an offer price … The company reported $56.7 million in sales and 669,897 active customers in the three months to September 30. The offer values the company at $614.8 million, and will be based on an offer price of $6.75 per share and feature the ASX code ABY. The company, which sells beauty and skincare products online, saw its shares up 10 per cent to their highest point today of $7.42. ASX IPOs are lifting off every other day right now. Oyster producer and seller East33 has kicked off a $32 million IPO campaign that will culminate in a December 3 listing. The retail offer is expected to open on the 14 October, close on the 21st and trading of the shares will commence on the 23rd. “My co-founder James Height and I created Adore Beauty in a garage in Melbourne with a clear purpose – to create an empowering beauty shopping experience that would make our customers feel confident and fabulous,” said Morris. Online cosmetics retailer Adore Beauty is shaping up to become the largest initial public offering so far this year after investors piled into the cornerstone offer at $6.75 per share, taking its market value to $635m. Eamon Gallagher Beauty products retailer Adore Beauty's initial public offering is off and racing. The Victoria-based company serves 300,000 residential, small business and enterprise customers. “We are a proudly values-led company embodied by 183 talented and passionate employees who have contributed to our success through their passion, hard work and tenacity. ABB recently released after their IPO into the ASX, with a 100% increase (from IPO of $1) to ~$2 as of 20/10/2020. We believe that by staying true to our customers. It's free. Adore Beauty is an Australian e-commerce business and is the official stockist of over 230 leading beauty … Adore Beauty Founder Kate Morris started her venture in a garage, about 20 years ago. We use cookies on our websites. This morning Adore Beauty listed on the Australian share market having raised $269.5 million at a price of $6.75 per share through its IPO. Adore Beauty has today launched a prospectus with the Australian Securities and Investments Commission to list on the Australian Stock Exchange, and is looking to raise $269.5 million through an IPO. The Sydney-based company designs and develops respirators for healthcare in industrial settings. In the case of Adore Beauty, the investment banks have priced the stock value at 3.9 times the forecasted revenue, at $6.75 per share, taking the market value to $635m. Its shares were down 37.6 per cent on Tuesday from their $1.58 IPO price. The offer values the online retailer at $614.8 million, and will be based on an offer price … Adore Beauty expects $158 million revenue in the year to December 31. This IPO will be one of the biggest listing (value and price … The offer values … This gave the company a … values and vision, we can weather the challenges and take advantage of our opportunities as Adore Beauty embarks on its next phase of growth as an ASX-listed company.”. 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