ODDITY Tech Ltd. Launches Secondary Offering of 4 Million Class A Shares

On a pertinent note in the investment community, ODDITY Tech Ltd. ODD, a notable player in the tech industry listed on NASDAQ, initiated an underwritten secondary public offering involving a sizable amount of its stock. Precisely, a secondary offering for 4,000,000 Class A ordinary shares is underway, which are being sold by an affiliated fund of L Catterton, which is hereby referred to as the 'Selling Stockholder'.

Details on the Secondary Offering

The public offering by ODDITY stands out as a significant event, considering its potential impact on share distribution and availability. The Ordinary Shares are poised to enter the market, adding to the liquidity and possibly influencing ODDITY's market capitalization. It's a move that's closely watched by market participants, considering that secondary offerings can lead to shifts in stock dynamics.

Role of Financial Institutions

In the context of this secondary offering, it's important to highlight the roles played by esteemed financial institutions. The Goldman Sachs Group, Inc. GS, with its multifaceted global investment banking, securities, and investment management services, alongside Morgan Stanley MS, another renowned multinational investment bank, are likely involved in the underwriting process, providing their expertise in facilitating this significant financial maneuver.

Both GS and MS are headquartered in New York City, embodying their influential status in the financial sector. Their involvement typically ensures a smoother process in offerings of this nature, drawing from their vast experience and standing in the industry.

ODDITY, NASDAQ, Shares