Investor Alert

Sept. 23, 2021, 12:47 p.m. EDT

Brilliant Earth skyrockets 27% in trading debut

Jewelry seller Brilliant Earth Group Inc. (NAS:BRLT) made its trading debut on Thursday, skyrocketing 27.3% out of the gate. The company halved its IPO offering to 8.33 million shares in the IPO, and priced at $12, below the expected range of between $14 and $16 per share. Brilliant Earth is trading on the Nasdaq under the ticker "BRLT." It joins a number of companies, including Remitly Global Inc. (NAS:RELY) , Sovos Brands Inc. (NAS:SOVO) , and EngageSmart Inc. (NYS:ESMT) that began trading on Thursday. There were 14 IPO deals planned for this week. The Renaissance IPO ETF (PSE:IPO) has gained 8.2% for the year to date while the S&P 500 index (S&P:SPX) is up 18.6% for the period.

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