As of the close at noon on January 16, the share price of Beauty Farm rose 57.09% from the issue price, with a market value of approximately HK$7.056 billion.

The data unexpectedly marked the largest drop in eight months since March 2022 (-13.8%), mainly due to the pandemic’s impact and the global economy’s slowdown.

L Catterton has significant experience investing globally in apparel and digitally-native companies. Current and past investments in the space include ba&sh; Just Over The Top (JOTT); Ganni; Sandro, Maje & Claudie Pierlot; Savage X Fenty; Sweaty Betty; and ThirdLove.