30
May
The stage is about for a Glossier IPO.
With a fresh round of funding and sky-high valuation, Glossier’s debut on the general public markets seems more an issue of when, not if.
The quintessential Millennial beauty business just accomplished its third round of funding — $52 million — valuing the business at about $390 million, based on industry sources. The raise follows a $24 million Series B in late 2016, and $8.4 million Series A in 2014.
The investments and the valuation are major for a business that beauty sources say shouldn't be yet profitable and that has an estimated $40 million in sales.
Weiss said in an e-mail to Glossier subscribers that the brand new capital will keep the corporate doing “more...
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