PE-owned Adore Beauty targets $193m Australia IPO
Australia’s Quadrant Private Equity is set to make a first exit from its growth fund with online beauty retailer Adore Beauty announcing plans for a A$269.3 million ($192 million) IPO.
The company will sell 39.9 million shares for A$6.75 apiece, giving it an expected market capitalization of A$635.3 million, according to a filing. Existing shareholders will offload 34 million shares...
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