Business
Brilliant Earth Announces Closing of Initial Public Offering
SAN FRANCISCO, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth”), an innovative, digital-first jewelry company and global
About this update from Brilliant Earth Group, Inc.
[{"type":"text","content":"SAN FRANCISCO, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth”), an innovative, digital-first jewelry 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. A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on September 22, 2021. The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or by emailing at [email protected]; Credit Suisse Securities (USA) LLC, by mail: Attn: Prospectus Department 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, United States, by telephone: 1-800-221-1037 or by e-mail: [email protected]; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at [email protected]; or Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone: +1 (833) 297-2926, or via email: [email protected]. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, n...