News

Brilliant Earth Raises $115M in IPO

Shares now trade on the Nasdaq Global Market under the symbol BRLT

diamond world news service

Brilliant Earth Group, Inc. (“Brilliant Earth”), an innovative, digital-first jewellery company and global leader in ethically sourced fine jewelry, today announced the closing of its previously announced initial public offering of 9,583,332 shares of its Class A common stock, including the full exercise by the underwriters of their option to purchase 1,249,999 shares of Class A common stock at a price to the public of $12.00 per share.  The shares are listed for trading on the Nasdaq Global Market under the ticker symbol “BRLT.” The gross proceeds to Brilliant Earth from the initial public offering were $115.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Brilliant Earth.

J.P. Morgan, Credit Suisse, Jefferies and Cowen served as the lead book-running managers and representatives of the underwriters for the proposed offering. KeyBanc Capital Markets, Piper Sandler, William Blair and Telsey Advisory Group served as book-running managers. Cabrera Capital Markets LLC, Loop Capital Markets and Siebert Williams Shank served as co-managers for the offering.

 


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