Oddity Tech Announces Pricing Of Secondary Public Offering Of About 4.78 Mln Shares At $43.50/shr

(RTTNews) - Oddity Tech Ltd. (ODD) announced the pricing of a underwritten secondary public offering of about 4.78 million of its Class A ordinary shares by a fund managed by L Catterton at a price of $43.50 per share.

ODD closed Thursday's regular trading at $45.00 down $2.04 or 4.34%. In the after-hours trading, the stock further dropped $0.30 or 0.67%.

The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 717,391 Ordinary Shares.

The offering is expected to close on March 19, 2024.

Oddity Tech noted that it is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder.