According to industry sources, Glossier, the popular beauty brand, is reportedly considering an initial public offering (IPO) as part of its future plans. The company, known for its cult-like following and direct-to-consumer approach, has hired Morgan Stanley to explore various options, including the possibility of going public.
Glossier haven’t responded to requests for comment. It is stated that Glossier was on track to surpass $100 million in Sephora alone for its first year with the LVMH Moët Hennessy Louis Vuitton-owned retail giant. Industry sources estimate that Glossier’s overall sales are around $275 million.
Insiders believe that an IPO could be a viable option for Glossier, considering the substantial amount of funding the company has raised thus far. One source suggested that an IPO may be more beneficial for earlier investors rather than those who joined later in the fundraising process. This viewpoint supports the notion that going public could potentially yield better returns for the company and its early backers.
Glossier’s consideration of an IPO comes roughly a year after its debut in Sephora, a significant milestone for the brand. The move to explore public listing options indicates the company’s ambition to expand its reach and capitalize on its strong brand presence in the beauty industry. An IPO would provide Glossier with additional capital to fuel its growth, invest in product innovation, and potentially enter new markets.
