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Does Recent IPO Company Beauty Health Deserve a Place in Your Portfolio?

Published 08/19/2021, 03:06 PM
Updated 08/19/2021, 04:30 PM
© Reuters.  Does Recent IPO Company Beauty Health Deserve a Place in Your Portfolio?

The Beauty Health Company (SKIN) went public through a SPAC deal on May 6, following which the stock has gained in double-digits. However, with mixed financials and anticipated negative consequences of the COVID-19 Delta variant surge, is SKIN an ideal addition to one’s portfolio? Read more to find out.The HydraFacial® Company went public on May 6 through a reverse merger with special purpose acquisition company Vesper Healthcare Acquisition Corp. The combined company was renamed The Beauty Health Company (SKIN), with a pro forma enterprise value of $1.10 billion.

The company's stock has gained 75.2% in price since it began trading, outperforming the benchmark S&P 500 index’s 5.6% returns.

Here’s what could shape SKIN’s performance in the near term:

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