5 things to know about E.L.F. Beauty

Shares of E.L.F. Beauty Inc. have surged 46% since the company’s initial public offering, underscoring investor appetite for IPOs.

The cosmetics retailer priced its offering at $17 a share to raise $141 million, and the stock opened at $24 a share on Sept. 22. E.L.F. ELF, +7.89% only received the proceeds from the 4 million shares the company itself sold and said it would use the bulk of that money to pay down some of its debt.

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The company is listed on the New York Stock Exchange under the symbol “ELF.

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