Oddity Tech ODD, ,, an Israeli consumer technology platform for the beauty-and-wellness market, announced terms for its IPO on Monday. The company plans to sell 10.5 million shares at a price of $27 to $30 per share. At the top end of this range, Oddity Tech would raise $315m at a valuation $1.7billion. Goldman Sachs Morgan Stanley and Allen & Co. lead a group of eight banks that are working on this deal. Net income for the company was $19.6m in the quarter ending March 31st, up from $3.0m in the same period last year. The revenue grew to $165.7 millions from $90.4million. The proceeds will be used to develop new brands, for general corporate purposes and for working capital. The Renaissance IPO ETF IPO +0.34% is up 32.5% year-to-date, while the S&P500 SPX +0.10% is up 15%.