In addition to this, a $1.5mil buy order was fulfilled … Australian buyout group Quadrant Private Equity has launched the process for listing its majority-owned online cosmetics shop, Adore Beauty, two sources said on Monday. That’s why we’re Australia’s leading online shopping destination for Has The Adore Beauty IPO Got You Thinking About Investing For The First Time? Adore Beauty to raise $269.5m for IPO Bridget Carter. Adore Beauty has today launched a prospectus with the Australian Securities and Investments Commission to list on the Australian Securities Exchange, and is looking to raise $269.5 million through an IPO. Adore Beauty's float was funded by a $269.5 million initial public offering (IPO), which saw investors subscribe for ABY shares at $6.75 a pop; The consumer discretionary stock was buoyed by further success after listing today, at one point trading for over $7.40 per share; Heading into the weekend, Adore shares are worth $6.92 each Kelly Kovack. Adore Beauty IPO set to raise A$250 million. “It was an important thing for us. Adore Beauty is asking investors to take up 39.9 million shares on offer at $6.75 a share to raise $269.5 million (including $40 million in new shares). Adore co-founder Kate Morris has built the start-up to revenue of $121 million. Posted November 4, 2020. The Adore Beauty IPO marks the first IPO of its size to be brought to the ASX by a female founder, Kate Morris, that is also led by a female EO, Tennealle OShannessy. 0. Adore Beauty raised $269.5 million from its IPO, giving it a market capitalisation of $635.3 million. Dental Start-Up Tend Raises $37 Million Series B. If you’ve been following the talk of the town for the last few weeks, you’ll know that Adore Beauty is set to list on the Australian Securities Exchange (ASX) on Friday, under the stock code ABY. The pure-play online retailer Adore Beauty was the year’s biggest initial public offering and the largest, female-led Australian market float. With the IPO, the firm is expected to hold approximately 32,.5 percent of the shares. Adore Beauty has also reportedly set its sights on an IPO in the not-too-distant future. July 30, 2020 / IPO Watch From the AFR article : “Adore Beauty's board formally mandated all three firms on Wednesday, after interviewing a handful of investment banks for the role in the past few weeks. The IPO is the largest to list on the ASX in 2020 to date. It doesn’t matter where you live – with us, you’ll have access to over 200+ cosmetics brands and more than 11,000 beauty care products. In Finance, Retail 1. Important Notices OFFER The Offer contained in this Prospectus is an invitation for you to apply for fully paid ordinary shares (Shares) in Adore Beauty Group Limited (ACN 636 138 988) (Adore Beauty or Company). ABB recently released after their IPO into the ASX, with a 100% increase (from IPO of $1) to ~$2 as of 20/10/2020. It was founded in 1999 in Kate Morris’ garage and has since grown to be Australia’s largest pureplay online beauty retailer. Adore Beauty was owned by co-founders Kate Morris and James Height and the Quadrant Growth Fund. Adore Beauty was owned by co-founders Kate Morris and James Height and the Quadrant Growth Fund. Women dip into market for Adore Beauty's listing. Recent Posts. Kate Campbell October 21, 2020 Adore Beauty, an Australian e-commerce business, is set to list on the Australian Securities Exchange (ASX) on Friday under the stock code ABY. “Well this has been one hell of a lockdown project!” Kate Morris, Co-Founder and Executive Director of Adore Beauty, wrote on LinkedIn. If successful, Adore Beauty would have the largest IPO in Australia so far in 2020. Kate Morris, who founded the company, is the first female to lead an IPO launch in Australia; majority of Adore Beauty workforce is female-led. Quadrant Private Equity is planning to list online shopping platform Adore Beauty, and the deal is expected to be Australia’s biggest retail IPO in five years, according to a report published by Reuters. By Reporter | 28 October 2020. If successful, the IPO will value the company at $614.8 million and give it a market value on listing of $635.3 million. Adore Beauty in the eye of the shareholder, IPO beats expectations. Adore Beauty has launched a prospectus to list on the Australian Stock Exchange, seeking to raise A$269.5 million through an IPO. Forget what just happened. Adore Beauty Founder Kate Morris started her venture in a garage, about 20 years ago. Adore Beauty signs Morgan Stanley, UBS and, Shaw and Partners in prep for IPO. In 2019, Quadrant Equity acquired 60 percent of the online retailer. Posted by Georgina Caldwell | Sep 30, 2020 | Asia & Australasia, Finance, Technology | THE WHAT? Sources said the mooted IPO was still at a preliminary stage, and the company had yet to lock in either a timetable or valuation. A university job on cosmetics counters led Kate to realise that most women found department stores intimidating. October 24, 2020 — 10.30am. Adore Beauty Group Limited ACN 636 138 988 Joint Lead Managers Financial Adviser. The IPO also included an ‘employee gift offer’, which allowed eligible Adore Beauty employees to acquire about $1,000 worth of shares at no cost. Log in, register or subscribe to save articles for later. As revealed by Street Talk, a beauty parade for the online-only cosmetics retailer was launched this month with at least three banks seeking to snare the chunky IPO mandate. Adore Beauty is an Australian e-commerce business and is the official stockist of over 230 leading beauty brands. DataRoom Editor @BridgetCarterb. Surprisingly, despite upgrading its guidance this morning, the Adore Beauty share price is still trading well below its IPO listing price of $6.75. The Adore Beauty share price has since dropped back from there and is currently fetching $7.00, which is up 3.7% from its IPO price of $6.75. It was founded in 1999 in Kate Morris’ garage and has since grown to be Australia’s largest pureplay online beauty retailer. The offer values the online retailer at $614.8 million, and will be based on an offer price of $6.75 per share and feature the ASX code ABY. Bridget Carter. By Kelly Kovack. 23 October 2020 Following what Wilson Asset Management dubbed as "one of the year's hottest IPOs", Adore Beauty (ASX: ABY) has today landed on the ASX, witnessing a modest rise in its share price. By Cara Waters. G+T advised online beauty and personal care retailer, Adore Beauty on its successful IPO and ASX listing. The firms are expected to help prepare Adore Beauty for an initial public offering, while its board and majority shareholder Quadrant Private Equity consider their options. Adore Beauty advised on $270m IPO. On its first day of trading, Adore Beauty shares gained as much as 10% in intraday trading from the IPO price of $6.75, reaching $7.42 per share. 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. At the close of play on Friday, its shares were fetching $5.70. Adore Beauty … Australian online cosmetics retailer Adore Beauty Group has been advised on what was the largest initial public offering on the ASX to date in 2020. Adore Beauty is dedicated to delivering you the best curation of must-have beauty products in Australia. The Adore Beauty IPO. The IPO is the largest to list on the ASX in 2020 to date. She borrowed $12,000 from her boyfriend’s parents, and set about building a disruptive new shopping experience that would empower beauty consumers. Adore Beauty co-founders Kate Morris and James Height are set to enjoy a $92 million payday when the online beauty retailer they started in the … In early 2000, at the tender age of 21, beauty junkie Kate Morris decided to start Adore Beauty from her garage in Melbourne. G+T advised Adore Beauty on its successful IPO and ASX listing. Adore Beauty Chair, Justin Ryan said: Adore eautys business model , through its integrated content, marketing and e-commerce offering, creates an incredibly strong value proposition for both brands and customers. Save. . However, since then, the Adore Beauty share price has given back these gains and more. Adore Beauty launched its IPO on Australian Securities Exchange (ASX) this Friday; the eCommerce retailer was expected to raise more than A$250 million. 1:07PM October 2, 2020; Comments; Share this article. Australian Online Beauty Retailer Adore Raises $192 Million in IPO . Firms: King & Wood Mallesons (joint lead managers), Gilbert + Tobin (Adore Beauty). By David Simmons. This is a 15.5% decline from its listing price.