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The company (NYSE: ELF) received $15 million of revolving credit line debt financing on August 24, 2017. Stifel Bank & Trust provided $1.5 million of revolving credit line financing. Previously, the company raised $141.61 million in its initial public offering on the NASDAQ stock exchange under the ticker symbol of ELF on September 22, 2016. A total of 8,333,333 shares were sold at at a price of $17 per share. After the offering, there was a total of 44,379,833 outstanding shares (excluding the over-allotment option) priced at $17 per share, valuing the company at $754.45 million. The total proceeds, before expenses, to the company was $68 million and to the selling shareholders was $73.66 million. In the offering, the company sold 4,000,000 shares and the selling shareholders sold 4,333,333 shares. The underwriters were granted an option to purchase up to an additional 1,250,000 shares from the company and selling shareholders to cover over-allotments, if any.