Monday, October 18

Advent-owned Olaplex valued at over $16 bln as shares jump in debut

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Shares of Olaplex Holdings Inc jumped more than 19% in their stock market debut on Thursday, giving the hair products maker a market capitalization of more than $16 billion.

Shares of the company, owned by private equity firm Advent International, opened at $25, compared with their initial public offering price of $21 per share. (Reporting by Sohini Podder in Bengaluru; Additional reporting by Praveen Paramasivam; Editing by Amy Caren Daniel)

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