NEW YORK, December 24, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Olaplex Holdings, Inc. OLPX, and certain officers. The class action complaint, filed in the United States District Court for the Central District of California and Registered at 22-cv-08395, is brought on behalf of a class consisting of all persons and entities other than the defendants who own Olaplex Purchased or otherwise acquired common stock pursuant to and/or traceable to the Company’s initial public offering conducted on or about September 30, 2021 (the “IPO” or the “Offering”) for the purpose of obtaining recoverable damages from the caused by the Defendants’ violations of the federal securities laws and remedies to pursue Sections 11 and 15 of the Securities Act of 1933 (the “Securities Act”) (the “Class”).

If you are a shareholder who is purchasing or otherwise acquiring Olaplex securities, you have until January 17, 2023 to petition the court to appoint you lead plaintiff in the class action. A copy of the complaint is available at www.pomerantzlaw.com. To discuss this promotion, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, ext. 7980. Individuals inquiring by email are asked to provide their mailing address, telephone number and the number of shares purchased.

[Click here for information about joining the class action]

Founded in 2014, Olaplex is headquartered in Santa Barbara, California. Olaplex manufactures and sells hair care products. The Company offers hair care shampoos and conditioners for use in treating, caring for and protecting hair. Olaplex claims to participate in the “prestige segment” of the hair care market, which the company claims is “expected to be the fastest growing segment of the global hair care market from 2020 to 2025.”

On August 27, 2021, Olaplex filed a registration statement on Form S-1 with the SEC in connection with the IPO, which, following several amendments for…