Adore Beauty lodges prospectus for $270 million ASX debut



a woman looking at the camera: Kate Morris Adore Beauty


© Provided by Smart Company
Kate Morris Adore Beauty

Aussie beauty marketplace Adore Beauty has lodged its prospectus with the Australian Securities and Investments Commission, as it heads for an IPO worth $269.5 million.

The offer values the business at $614.8 million, and gives it an opening market cap of $635.3 million, based on an initial offer price of $6.75 per share.

Adore Beauty will trade under the ASX code ABY.

In an Instagram post, co-founder and executive director Kate Morris, who launched the business out of her garage some 20 years ago, said she “would never, ever, EVER have dreamed that @adorebeauty would make it onto the ASX”.

View this post on Instagram

Well this has been one hell of a lockdown project!! 20 years ago in my garage, I would never, ever, EVER have dreamed that @adorebeauty would make it onto the ASX. I am so very proud

Read More