Is MANSCAPED a buy after it goes public?

3 min read | December 25, 2021 01:28 AM AEDT | By Raza Naqvi

Is MANSCAPED a buy after it goes public? — Image source: Image Source: © Maxxyustas | Megapixl.com

Should you invest in MANSCAPED?

Bright Lights Acquisition Corp. (NASDAQ:BLTS), which is a special purpose acquisition company (SPAC) will merge with MANSCAPED. Under the agreement, the company is set to receive approximately US$ 305 million in transaction proceeds.

MANSCAPED was founded in 2016, and in 2017, the male grooming company reportedly raised US$ 500,000 in an angel round.

Manscaped IPO
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Apart from actor Channing Tatum, the company is backed by venture capitalists like Guggenheim Investments, Endeavor Group Holdings, Saban Capital Group, and Signia Venture Partners.

Grooming is essential, and the market size of male grooming products was valued at around US$ 69.8 billion in 2020, according to an IMARC Group report.

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The industry will likely grow at a compound annual growth rate of six per cent between 2021 to 2026. Companies like MANSCAPED could benefit from this trend.

Bottom line

MANSCAPED is expected to begin trading in the stock market during Q1 2022, and it will trade under the stock symbol MANS. The male grooming company will trade on Nasdaq Stock Market.

If you want to purchase this stock, you can buy it after it begins trading on the Nasdaq. Alternatively, you can buy the BLTS stock now, and it closed at US$ 9.85 per share on Thursday, December 23.

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