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Fortune

Jessica Mathews

Oddity—the tech-fueled parent company of makeup brands Il Makiage and SpoiledChild—pulls off a positive Nasdaq IPO

oddity Nasdaq IPO Matt Kennedy Michael Moritz Cava Oddity Tech

A group of people celebrate with confetti falling around them (Credit: Vanja Savic—Nasdaq)

In hindsight, Oddity Tech CEO Oran Holtzman is thankful he listened to his investment bankers.

Oddity Tech, an Israeli makeup brand creator behind Il Makiage, had been planning to go public last year. But as investor interest for IPO shares dwindled, Oddity’s lead bankers at Goldman Sachs, Morgan Stanley, and Allen & Company advised against it.

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