Oddity Tech said on Monday it was targeting a valuation of $1.92 billion in its U.S. initial public offering (IPO), more than 13% higher than what it was previously seeking.
July 17 - Oddity Tech said on Monday it was targeting a valuation of $1.92 billion in its U.S. initial public offering , more than 13% higher than what it wasOver 10.5 million shares priced between $32 and $34 each will be offered, Oddity said. It had earlier expected to sell the shares between $27 and $30 each.
Oddity's move points to a recovery in demand for newly listed shares, boosting an ailing IPO market, as investors expect the Federal Reserve to end its rate hike campaign soon.
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