Digital Jewelry Company Brilliant Earth To Raise $100M Via Halved IPO

Digital jewelry company Brilliant Earth Group Inc BRLT has priced its initial public offering (IPO) of 8.3 million shares of its common stock at $12.00 per share.
The company had earlier estimated to sell 16.6 million shares in the IPO at an estimated $14 - $16 per share.
Brilliant Earth has granted the underwriters a 30-day option to purchase up to an additional 1.2 million shares.
Brilliant Earth shares are expected to begin trading on the Nasdaq Global Select Market on September 23, 2021, under the ticker symbol "BRLT."
The offering is expected to close on September 27, 2021.