Brilliant Earth halves offering in IPO, which priced well below expected range

Brilliant Earth halves offering in IPO, which priced well below expected range
·1 min read

Brilliant Earth Group Inc.'s stock is slated to start trading Thursday, as the California-based jewelry company's downsized initial public offering priced overnight at $12 a share, well below the expected range of between $14 and $16 a share. The company raised $100 million as it sold 8.33 million shares in the IPO, half the previously expected offering of 16.67 million shares. The IPO pricing valued the company at about $1.1 billion. The stock is expected to begin trading on the Nasdaq some tim

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