Barclays Starts Olaplex Inc (OLPX) at Equalweight

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Go back to Barclays Starts Olaplex Inc (OLPX) at Equalweight

Street Bullish on Olaplex (OLPX), Premium Valuation Justified Says Analyst

October 25, 2021 11:07 AM EDT

Street started research coverage of Olaplex (NASDAQ: OLPX) with mainly positive ratings. At least 9 research firms initiated with a Buy or equivalent rating, while 3 firms (Barclays, Morgan Stanley, Jefferies) stayed on the sidelines.

Advent-owned Olaplex made its debut last month after indicating it is seeking to sell 67 million shares priced at between $17.00 and $19.00 each. However, the company raised pricing to $21.00 per share a day before the IPO that helped it raise $1.5 billion in proceeds.

In the meantime, shares soared nearly 40% compared to the reference price to give the company a market cap... More