Investors captivated by Adore’s Beauty With Adore Beauty undertaking the ASX’s biggest IPO this year, Alex Gluyas looks into whether the online beauty retailer’s soaring valuation is justified, and if it can replicate the success of the ASX’s other e-commerce stars. Join the HotCopper ASX share market forum today for free. Adore Beauty has today launched a prospectus with the Australian Securities and Investments Commission to list on the Australian Stock Exchange, and is looking to raise $269.5 million through an IPO. ... October 7, 2020: Adore lodges a prospectus with the Australian Securities and Investments Commission for an IPO worth $269.5 million. Adore Beauty Group Limited - 23 October 2020 12:00PM AEDT ## Listing date: ... # Listing dates are proposed dates for first quotation of securities set out in the entity's prospectus or information memorandum. Stockbrokers, Morgan Stanley and UBS, have been appointed as the Co-Lead Managers to the proposed IPO for Adore Beauty. ”Adore Beauty's expected to seek to raise $200 million to $250 million for a $600 million-plus valuation. This exceeds its prospectus forecast of $89 million by 7%. Adore Beauty Group Limited (ASX: ABY) – Admission and Commencement of Official Quotation – Conditional Trading and Deferred Settlement Trading. Email; Created with Sketch. Source: supplied. 01 Dec 2020 - Online cosmetics retailer Adore Beauty (ASX:ABY) has upped its revenue guidance for the first half of 2021 by 7 per cent to %$95.2 million from the prospectus … Lofty ambitions. The offer values the company at $614.8 million, and will be based on an offer price of $6.75 per share and feature the ASX code ABY. Adore Beauty's IPO was underwritten by lead managers Morgan Stanley, UBS, and Shaw and Partners and it listed on the ASX on 23 October under ABY. How can I obtain a copy of Adore Beauty Group's Annual Report? Adore Beauty is one of a handful of women-led companies that recently listed on the ASX, with a value of over $600 million. Prospectus). Adore Beauty has released its prospectus for its IPO, with the hopes to raise $269.5 million at $6.75 per share. Adore Beauty Group Ltd According to a note out of Morgan Stanley , its analysts have retained their overweight rating and $8.35 price target on this online beauty retailer’s shares. Though it’s been a slow IPO year, there’s still plenty of companies preparing for or moving ahead with IPO plans and Maas Group is another with recent reports the construction mob is reviving its previous plans to list on the ASX. 4 0 obj endobj Online retailer Adore Beauty (ABY) broke records today as the biggest female-led float to join the Australian Stock Exchange. The post Adore Beauty (ASX:ABY) share price lower despite upgrading guidance appeared first on Motley Fool Australia. <> Adore Beauty’s timeline to the ASX. Here's who else to look out for. Following what Wilson Asset Management dubbed as "one of the year's hottest IPOs", Adore Beauty (ASX: ABY) has today landed on the ASX, witnessing a modest rise in its share price. The offer raised $269.5 million at a share price of $6.75. This is despite the release of a positive trading update this morning by the online beauty … The Company applied to ASX Limited (ASX) within seven days after the date of the Original Prospectus for admission to the Official List and for Official Quotation of the Shares on issue as at the date of this Prospectus and the Shares issued under the Offer. You may not rely on this information in any way. <>>> Read the latest Disclosure Document news from Adore Beauty Group (ASX:ABY) 89 million by 7 % $ 600 million-plus valuation 6.54 Adore Beauty does expect... 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