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e.l.f. Beauty prices IPO at $17, above the range

September 22, 2016
ELF

e.l.f. Beauty, which sells trendy, low-cost cosmetics for the eyes, lips and face online and in mass retail, raised $142 million by offering 8.3 million shares at $17, above the range of $14 to $16. e.l.f. Beauty plans to list on the NYSE under the symbol ELF. J.P. Morgan, Morgan Stanley, Piper Jaffray and Wells Fargo Securities acted as lead managers on the deal.