IPO - Profile

Brilliant Earth Group, Inc.

Basic Industries > Precious Metals

BRLT

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$12.00 8,220,000 Positive High 95.47%

Offering Team

  • Legal counsel
  • Davis Polk & Wardwell LLP
  • Auditors
  • BDO USA, LLP

Deal Highlights

From the beginning, our founders, Beth and Eric, have aspired to create a modern jewelry company that reflects their own values and transforms an outdated industry. They believe in fine jewelry that is different in every way—how it’s made, how it’s sold, how it’s sourced and crafted, and how it gives back. For Beth, her journey began when she experienced firsthand the challenge of finding a responsibly sourced engagement ring that reflected her values. She had learned about environmental and social injustices in the jewelry industry and cared deeply that her own ring would not contribute to these injustices. Discouraged by opaque sourcing practices and impersonal shopping experiences, she believed there had to be a better way. Beth shared her frustrations with her business school classmate Eric, and learned that he had been studying the jewelry industry. Eric shared Beth’s passion that this antiquated and slow-moving industry could be reinvented in a thoughtful and modern way to serve a new generation. Together, Beth and Eric founded Brilliant Earth in 2005 with the belief that consumers deserve transparent and responsible practices, beautiful, high-quality, and unique products, and a personalized shopping experience that brings joy into the jewelry buying process. What began as a partnership between two entrepreneurs has grown into a community of people who believe that beautifully designed jewelry can also be a powerful tool for change.

Deal Tracker

IPO Dates

Filing 21 Sep, 2021

Offer 23 Sep, 2021

Look Ahead

Lock Up Expiry Mar 23, 2022

IPO Terms

Offer Price $12.00
Offer Size 8M

Market Sentiments

Stock Price