Latham & Watkins Represents ODDITY Tech Ltd. in IPO

ODDITY Tech Ltd., the consumer tech platform behind IL MAKIAGE and SpoiledChild that is built to transform the global beauty and wellness market, has announced the pricing of its upsized initial public offering of 12,105,261 of its Class A ordinary shares at a price to the public of US$35.00 per share. ODDITY is offering 1,754,385 Class A ordinary shares and certain selling stockholders are offering 10,350,876 Class A ordinary shares. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,815,789 Class A ordinary shares at the initial public offering price, less underwriting discounts and commissions. ODDITY will not receive any proceeds from the sale of the shares by the selling stockholders. The shares are expected to begin trading on the Nasdaq Global Market on July 19, 2023 under the ticker symbol ODD. The offering is expected to close on July 21, 2023, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents ODDITY in the offering with a capital markets team led by partners Marc Jaffe, Ian Schuman, and Alison Haggerty, with associates Adam Johnson, Carolina Bernal, Sofia Sitterson, and Stephanie Niamonitakis. Advice was also provided on tax matters by partner Jocelyn Noll, with associate Claire Park; on benefits & compensation matters by partner Bradd Williamson, with associates Alisa Hand and Kristen Ierardi; and on FDA regulatory matters by partner Ben Haas, with counsel Chad Jennings and associate Kathryn Culver.