Beauty Company Oddity to Offer Crypto Token Tied to IPO

  • 📰 WSJ
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Oddity, a beauty-care retailer, is going to offer investors a new kind of security that combines traditional equities with the digital infrastructure behind cryptocurrencies

Oddity, parent of Il Makiage, which opened a pop-up shop in New York in 2018, is one of the first non-crypto-focused companies to offer a security token.April 26, 2022 5:30 am ET

Oddity Tech Ltd., a New York-based online beauty-care retailer, is going to offer investors a new kind of security that combines traditional equities with the digital infrastructure behind cryptocurrencies. Oddity, which sells products through its Il Makiage and SpoiledChild brands, is offering a so-called security token. The token converts into a share of stock in an eventual initial public offering at a 20% discount to the IPO price. Proceeds will be used for general corporate purposes, the company said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines