![](https://investorshub.advfn.com/uicon/48355.png?cb=1551739062)
Thursday, August 05, 2021 1:34:51 PM
12:18 pm ET August 5, 2021 (MarketWatch)
European Wax Center Inc. (EWCZ) got a warm reception on Wall Street Thursday, as the hair removal company's stock opened 11.8% above its initial public offering price. The Texas-based company raised $156.56 million as it sold 8.92 million shares in the IPO, which priced at $17 a share, while selling shareholders sold 1.68 million shares to raise $28.64 million. Last week, the company said it was offering 9.04 million shares and selling stockholders were offering 1.56 million shares in the IPO, which was expected to price between $15 and $18 a share. On Thursday, the stock's first trade on the Nasdaq exchange was at $19.00 at 11:47 a.m. Eastern for 1.0 million shares. At that price, the company was valued at about $1.2 billion. Morgan Stanley, BofA Securities and Jefferies were the lead underwriters of the IPO. The company recorded net income of $1.1 million on revenue of $36.7 million for the three months ended March 27, after income of $959,000 on revenue of $32.8 million in the same period a year ago. The company went public at a time of renewed investor interest in IPOs, as the Renaissance IPO ETF (IPO) has rallied 11.7% over the past three months while the S&P 500 has gained 6.1%.
-Tomi Kilgore
(END) Dow Jones Newswires
August 05, 2021 12:18 ET (16:18 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
New York Yankees and Duke Basketball
Recent EWCZ News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 08:00:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 03:42:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 10:15:08 AM
- European Wax Center, Inc. Reports Second Quarter Fiscal Year 2024 Results • GlobeNewswire Inc. • 08/14/2024 10:05:00 AM
- European Wax Center Board of Directors Appoints David Berg as Chief Executive Officer • GlobeNewswire Inc. • 08/14/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 09:55:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 09:55:35 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 11:15:03 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 11:00:10 AM
- European Wax Center Announces Appointment of Julia Hunter to Board Of Directors • GlobeNewswire Inc. • 08/06/2024 11:00:00 AM
- European Wax Center, Inc. to Report Second Quarter Fiscal Year 2024 Financial Results on August 14th • GlobeNewswire Inc. • 08/01/2024 11:30:00 PM
- European Wax Center Debuts Highly Anticipated Brow Tint Service • PR Newswire (US) • 08/01/2024 02:50:00 PM
- European Wax Center, Inc. Publishes 2023 Environmental, Social and Governance Report • GlobeNewswire Inc. • 06/20/2024 10:55:00 AM
- European Wax Center Recognized by Entrepreneur and Featured in July/August Issue as a Top Franchise for Multi-Unit Owners and Best of the Best Franchise • PR Newswire (US) • 06/18/2024 12:43:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 09:00:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 11:28:23 PM
- European Wax Center's EWC TREAT® Get Smooth Skin Clearing Body Polish WINS 2024 SELF Healthy Beauty Award • PR Newswire (US) • 06/05/2024 05:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 08:00:03 PM
- European Wax Center's TREAT® Brightening Ingrown Hair Wipes WINS 2024 Men's Health Grooming Awards • PR Newswire (US) • 05/28/2024 12:47:00 PM
- European Wax Center, Inc. Announces Participation in the Baird 2024 Global Consumer, Technology & Services Conference • GlobeNewswire Inc. • 05/22/2024 08:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 08:00:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 03:02:15 PM
- European Wax Center EWC TREAT® Brightening Ingrown Hair Wipes WINS 2024 Cosmopolitan Holy Grail Beauty Award • PR Newswire (US) • 05/15/2024 12:47:00 PM
- European Wax Center, Inc. Reports First Quarter Fiscal Year 2024 Results • GlobeNewswire Inc. • 05/15/2024 10:00:00 AM
- European Wax Center, Inc. to Report First Quarter Fiscal Year 2024 Financial Results on May 15th • GlobeNewswire Inc. • 05/01/2024 11:00:00 AM
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM
Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting • DRCR • Aug 15, 2024 9:04 AM
Mayback's Global Entertainment Signs Global Distribution Agreement with Children's Media Studio • AHRO • Aug 15, 2024 8:45 AM
POET Technologies Reports Second Quarter 2024 Financial Results • POET • Aug 15, 2024 8:04 AM