San Mateo subscription cosmetics startup could fetch $2B in sale

Personalized Beauty Discovery Inc., a makeup subscription service better known as Ipsy, is considering an IPO or a sale that reportedly could fetch as much as $2 billion. The San Mateo-based business is weighing both options in a dual-track process, Bloomberg reported. In the end, it could remain a private, standalone company. Ipsy has raised about $102 million in funding and was valued at about $800 million after its last round in 2015, according to PitchBook Data. Its investors include TPG,…

Read the original:
San Mateo subscription cosmetics startup could fetch $2B in sale