September 24, 2021
Brilliant Earth Group, Inc., an innovative, digital-first jewelry company and global leader in ethically sourced fine jewelry, has announced the pricing of initial public offering of 8,333,333 shares of its Class A common stock at a price to the public of US$12.00 per share. Brilliant Earth have granted the underwriters a 30-day option to purchase up to an additional 1,249,999 shares of its Class A common stock at the initial public offering price. Brilliant Earth shares began trading on the Nasdaq Global Select Market on September 23, 2021 under the ticker symbol “BRLT.” The offering is expected to close on September 27, 2021, subject to customary closing conditions.
Latham & Watkins LLP represented Brilliant Earth in the offering with a capital markets team led by Bay Area partner Tad Freese and New York partner Benjamin Cohen, with New York associates Katie Lovejoy, Shawn Quinn, Lauren Lozada, and Tyler Prime. Advice was provided on finance matters by Bay Area partners Haim Zaltzman and Dan Van Fleet, with Bay Area associate Reena Sahota; on corporate matters by Boston/New York partner Kristen Grannis, with Chicago associate Jana Kovich; on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson and Bay Area partner Grace Lee, with Boston associate Jeremiah Cowen; on intellectual property matters by New York partner Jeffrey Tochner; on benefits & compensation matters by Bay Area partner Jay Metz, with Chicago associate Samantha Voutyras; on public company representation matters by New York partner Jenna Cooper, with New York associate Jamie Conn; on data privacy & security matters by Bay Area partner Michael Rubin and London partner Gail Crawford, with Boston associate Deborah Hinck and London associate Calum Docherty; and on environmental matters by New York partner Gary Gengel.