Inside Olaplex’s IPO Plans

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Inside Olaplex’s IPO Plans
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Beauty brand olaplex has filed for IPO and has plans to raise further capital after several years of swift growth.

Olaplex’s S-1, filed Aug. 27 with the U.S. Securities and Exchange Commission, reveals further details about how well the company has fared so far, and its plan for the future.Olaplex centers around the technology developed by Christal, but said it is working to go into other categories. “We are also developing other potentially patentable technologies to support extension into non-hair care

and wellness categories that provide us with long-term growth opportunities,” the company said in the filing. That includes skin care, the company said.Olaplex posted a 90 percent jump in sales in 2020, during the pandemic, to $282.3 million, from $148.2 million in net sales in 2019. The company’s income decreased 36 percent in 2020, to $39.

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