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European Wax Center Priced, Nasdaq: EWCZ

Franchised chain of hair removal salons.

Industry: Consumer Discretionary

Latest Trade: $28.01 0.00 (0.0%)

First Day Return: +25.8%

Return from IPO: +64.8%

Industry: Consumer Discretionary

We revolutionized the market for out-of-home (“OOH”) hair removal services by creating the first professionalized model exclusively focused on providing high-quality waxing experiences for guests. We take wax-based hair removal seriously because waxing is an integral part of our guests’ recurring personal-care and beauty regimens, and our guests trust us to give them an unparalleled experience. Our waxing services provide an efficient and relatively painless means of removing unwanted hair from our guests’ bodies and faces. Our mission is to ensure that every guest who walks through our doors leaves feeling unapologetically confident. A 15-minute appointment at one of our centers can transform someone’s mood, someone’s day -- even their perception of themselves. We are the largest and fastest-growing franchisor and operator of OOH waxing services in the United States by number of centers and system-wide sales. We delivered over 21 million waxing services in 2019 and over 13 million waxing services in 2020 generating more than $687 million and $469 million of system-wide sales, respectively, across our highly-franchised network. We have a leading portfolio of centers operating in 808 locations across 44 states as of March 27, 2021. Of these locations, 803 are franchised centers operated by franchisees and five are corporate-owned centers.
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IPO News for European Wax Center
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IPO Data
IPO File Date 07/13/2021
Offer Price $17.00
Price Range $15.00 - $18.00
Offer Shares (mm) 10.6
Deal Size ($mm) $180
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/04/2021
Offer Price $17.00
Price Range $15.00 - $18.00
Offer Shares (mm) 10.6
Deal Size ($mm) $180
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Plano, TX
Founded 2004
Employees 158
Website www.waxcenter.com