Skincare Brand Paula's Choice is in talks to go public potentially this year, according to a report from Bloomberg.
Paula's Choice has held discussions with underwriters about raising $300 million or more in an initial public offering. The company previously explored an outright sale and even received interest from at least two private equity firms. However, a final decision has not been made, yet. Talks of an IPO are currently private.
Investor interest in beauty companies has increased recently. Consumer spending in this category has been strong and will likely remain strong, moving forward. Carlyle Group Inc. announced in April that it had acquired a majority stake in BeautyCounter's parent company, Counter Brands LLC. This valued the company at $1 billion. Last ...