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Sept. 23, 2021, 8:09 a.m. EDT

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

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By Tomi Kilgore

Brilliant Earth Group Inc.'s stock /zigman2/quotes/229492982/composite BRLT -2.77% 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 time after the opening bell, under the ticker symbol "BRLT." The company is going public along with several other companies, including Remitly Global Inc. /zigman2/quotes/229492987/composite RELY -3.89% , Sovos Brands Inc. /zigman2/quotes/229497596/composite SOVO -0.07% , EngageSmart Inc. /zigman2/quotes/229492983/composite ESMT -0.12% and Sterling Check Corp. /zigman2/quotes/229432454/composite STER +0.46% . The Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -1.22% has gained 5.4% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.11% has tacked on 3.6%.

/zigman2/quotes/229492982/composite
US : U.S.: Nasdaq
$ 12.28
-0.35 -2.77%
Volume: 152,078
Oct. 22, 2021 4:00p
P/E Ratio
3.65
Dividend Yield
N/A
Market Cap
$1.18 billion
Rev. per Employee
N/A
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/zigman2/quotes/229492987/composite
US : U.S.: Nasdaq
$ 34.12
-1.38 -3.89%
Volume: 633,420
Oct. 22, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.77 billion
Rev. per Employee
$197,658
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/zigman2/quotes/229497596/composite
US : U.S.: Nasdaq
$ 14.98
-0.01 -0.07%
Volume: 225,167
Oct. 22, 2021 4:00p
P/E Ratio
124.63
Dividend Yield
N/A
Market Cap
$1.51 billion
Rev. per Employee
N/A
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/zigman2/quotes/229492983/composite
US : U.S.: NYSE
$ 34.39
-0.04 -0.12%
Volume: 336,043
Oct. 22, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.54 billion
Rev. per Employee
N/A
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/zigman2/quotes/229432454/composite
US : U.S.: Nasdaq
$ 25.99
+0.12 +0.46%
Volume: 178,930
Oct. 22, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.43 billion
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 68.57
-0.85 -1.22%
Volume: 49,585
Oct. 22, 2021 4:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,544.90
-4.88 -0.11%
Volume: 1.82B
Oct. 22, 2021 5:04p
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