Tuesday, May 22, 2012

Tria Beauty Set to Price Their Initial Price Offering This Week

Read my latest IPO writeup. This week we center our focus on Tria Beauty. The maker of at home hair removal and acne removal products is set to go public this week.

Tria Beauty (TRIA) is set to go public by offering 4.6 million shares at a price point of $13 to $15. The initial price offering is being underwritten by Morgan Stanley (MS), Piper Jaffray, and Wells Fargo (WFC). With a total share count of 19.2 million (19,294,722), the company's market capitalization would be $270.1 million (based on mid range of $14 a share). After the offering, directors of Tria Beauty and owners of more than 5% would own 58.4% of the company.
Tria Beauty is a leading over the counter medical device maker in the beauty segment. The company offers, "easy to use, FDA-cleared medical devices to consumers that deliver results comparable to professional aesthetic treatments at a fraction of the cost." Continue Reading

Here's a look at the company's two leading products and a newer product as well:

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