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Olaplex stock jumps 22% at trading debut

·1 min read
Olaplex stock jumps 22% at trading debut
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Shares of haircare company Olaplex Holdings Inc. jumped 22.1% out of the gate, as trading began on Thursday. Olaplex's IPO priced at $21 a share, exceeding the proposed price range of $17-to-$19 per share, which had been raised earlier this week from $14-to-$16 per share. Olaplex is trading on the Nasdaq under the ticker "OLPX." The company raised $1.5 billion with lead underwriters Goldman Sachs, J.P. Morgan Chase, Morgan Stanley and Barclays. Olaplex joins a slew of companies that have recentl