Beauty Company Oddity Jumps in Debut After $424 Million IPO (2)

Beauty and wellness company Oddity Tech Ltd. rose 36% in its trading debut after upsizing its initial public offering to raise $424 million, adding momentum to a listings rebound in the US.

Shares of the Tel Aviv-based company opened trading Wednesday at $49.10 after selling for $35 in the IPO. The shares closed at $47.53 in New York, giving Oddity a market value of about $2.7 billion.

Oddity, along with its founder and backer L Catterton, sold a combined total of 12.1 million shares Tuesday after marketing 10.5 million for $32 to $34, a range it already had elevated ...