# EDGAR Filing Document

**Accession Number:** 0001907085
**File Stem:** 0000000000-23-001202
**Filing Date:** 2023-2
**Character Count:** 12965
**Document Hash:** b476d0312562eab2e782e8b88f22d194
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001202.hdr.sgml**: 20230815

**ACCESSION NUMBER**: 0000000000-23-001202

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230206

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Oddity Tech Ltd
- **CENTRAL INDEX KEY:** 0001907085
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 8 HAHARASH
- **CITY:** TEL AVIV-JAFFA
- **STATE:** L3
- **ZIP:** 6761304
- **BUSINESS PHONE:** (551) 751-7495

**MAIL ADDRESS:**
- **STREET 1:** 8 HAHARASH
- **CITY:** TEL AVIV-JAFFA
- **STATE:** L3
- **ZIP:** 6761304
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001104659-22-010349

## Text-Extract

```

United States securities and exchange commission logo

                             February 6, 2023

       Oran Holtzman
       Chief Executive Officer
       ODDITY Tech Ltd.
       8 Haharash Street
       Tel Aviv-Jaffa, 6761304, Israel

                                                        Re: ODDITY Tech Ltd.
                                                            Amendment No. 4 to
Draft Registration Statement on Form F-1
                                                            Submitted January
9, 2023
                                                            CIK No. 0001907085

       Dear Oran Holtzman:

             We have reviewed your amended draft registration statement and
have the following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Amendment No. 4 to Draft Registration Statement on Form F-1, submitted
on January 9, 2023

       Cover Page

   1.                                                   Please disclose on the
prospectus cover page whether your offering is contingent upon
                                                        final approval of your
Nasdaq listing. Please ensure the disclosure is consistent with your
                                                        underwriting agreement.
 Oran Holtzman
FirstName LastNameOran Holtzman
ODDITY Tech   Ltd.
Comapany6,NameODDITY
February   2023        Tech Ltd.
February
Page 2 6, 2023 Page 2
FirstName LastName
Key Operating and Non-GAAP Financial Measures
Non-GAAP Financial Measures, page 87

2.       Please provide disclosure under Adjusted Operating Income and Adjusted
Net
         Income, similar to disclosure provided under Adjusted EBITDA,
regarding 1) that these
         non-GAAP measures have limitations and should not be considered as a
substitute for or
         in isolation from, the financial results prepared in accordance with
U.S. GAAP and 2)
         other companies may calculate these measures differently or not at
all, which reduces their
         usefulness as comparative measures.
3.       Your revised disclosure states    Order billings represents amounts
invoiced to customers,
         excluding amounts invoiced for products that have not shipped and
invoices for products
         that are subject to a product trial period as of the last day of the
measurement period.
         Please tell us why the amounts invoiced to customers as a metric is
adjusted to exclude
         amounts invoiced for products that have not shipped and invoices for
products that are
         subject to a product trial period. In addition, to the extent
material, provide quantitative
         information regarding these excluded items.
Oddity Tech Ltd. and its Subsidiaries
Consolidated Financial Statements
Note 16. Subsequent Events, page F-28

4.       We have read your response to our prior comment 5. In assessing
whether the Company   s
         digital securities offerings result in the Company having a
safeguarding liability to its
         customers, please address the following in your response:
             The terms of your agreement with Securitize LLC, particularly your
payment
              obligations for their services, the specific terms that require
the digital securities to be
              redeemed and decommissioned, and the restrictions on transfer of
the digital
              securities;
             Your involvement in the digital securities purchase transaction,
including the flow of
              cash from the initial purchase of the digital securities to the
set up of individual
              accounts by Securitize LLC as well as your involvement in ongoing
reporting and
              customer service of the customer's digital securities holdings;
             Tell us whether Securitize LLC is acting as your agent and provide
the analysis
              supporting your conclusion;
             Tell us what agreements the digital security purchaser/owner has
with you and/or
              Securitize LLC, including the rights and obligations included
within those
              agreements;
             Tell us in more detail how the purchaser of the digital securities
obtains access to the
              Securitize LLC portal. For example, clarify whether the purchaser
of the digital
              securities is required to open an account with Securitize LLC to
access the portal or
              whether it is accessed through an Application Programming
Interface that the
              Company provides. As part of your response, please indicate
whether there are any
              agreements the purchaser is required to enter into in order to
access the portal and
 Oran Holtzman
ODDITY Tech Ltd.
February 6, 2023
Page 3
          whether there are any fees incurred by the purchaser for any services
that may be
          provided by Securitize LLC (custody, recordkeeping, transfers,
purchase of other
          digital securities, etc.);
            Tell us what risks exist if the digital securities issued by you
are stolen prior to
          redemption; and
            Tell us if the investors may use the portal managed by Securitize
to
          purchase other digital securities and, if so, how that process
differs from the digital
          securities issued by you.

       You may contact Sasha Parikh at 202-551-3627 or Mary Mast at
202-551-3613 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Joshua Gorsky at 202-551-7836 or Alan Campbell at 202-551-4224 with any
other
questions.

                                                             Sincerely,

FirstName LastNameOran Holtzman                              Division of
Corporation Finance
                                                             Office of
Industrial Applications and
Comapany NameODDITY Tech Ltd.
                                                             Services
February 6, 2023 Page 3
cc:       Alison A. Haggerty, Esq.
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

February 6, 2023

Oran Holtzman  
Chief Executive Officer  
ODDITY Tech Ltd.  
8 Haharash Street  
Tel Aviv-Jaffa, 6761304, Israel

**Re: ODDITY Tech Ltd.**

**Amendment No. 4 to Draft Registration Statement on Form F-1**

**Submitted January 9, 2023**

**CIK No. 0001907085**

Dear Oran Holtzman:

We have reviewed your amended draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments.

Amendment No. 4 to Draft Registration Statement on Form F-1, submitted on January 9, 2023

# Cover Page

1. Please disclose on the prospectus cover page whether your offering is contingent upon final approval of your Nasdaq listing. Please ensure the disclosure is consistent with your underwriting agreement.

Oran Holtzman
ODDITY Tech Ltd.
February 6, 2023
Page 2

# Key Operating and Non-GAAP Financial Measures

# Non-GAAP Financial Measures, page 87

2. Please provide disclosure under Adjusted Operating Income and Adjusted Net Income, similar to disclosure provided under Adjusted EBITDA, regarding 1) that these non-GAAP measures have limitations and should not be considered as a substitute for or in isolation from, the financial results prepared in accordance with U.S. GAAP and 2) other companies may calculate these measures differently or not at all, which reduces their usefulness as comparative measures.

3. Your revised disclosure states “Order billings represents amounts invoiced to customers, excluding amounts invoiced for products that have not shipped and invoices for products that are subject to a product trial period as of the last day of the measurement period.” Please tell us why the amounts invoiced to customers as a metric is adjusted to exclude amounts invoiced for products that have not shipped and invoices for products that are subject to a product trial period. In addition, to the extent material, provide quantitative information regarding these excluded items.

# Oddity Tech Ltd. and its Subsidiaries

# Consolidated Financial Statements

# Note 16. Subsequent Events, page F-28

4. We have read your response to our prior comment 5. In assessing whether the Company’s digital securities offerings result in the Company having a safeguarding liability to its customers, please address the following in your response:
- The terms of your agreement with Securitize LLC, particularly your payment obligations for their services, the specific terms that require the digital securities to be redeemed and decommissioned, and the restrictions on transfer of the digital securities;
- Your involvement in the digital securities purchase transaction, including the flow of cash from the initial purchase of the digital securities to the set up of individual accounts by Securitize LLC as well as your involvement in ongoing reporting and customer service of the customer’s digital securities holdings;
- Tell us whether Securitize LLC is acting as your agent and provide the analysis supporting your conclusion;
- Tell us what agreements the digital security purchaser/owner has with you and/or Securitize LLC, including the rights and obligations included within those agreements;
- Tell us in more detail how the purchaser of the digital securities obtains access to the Securitize LLC portal. For example, clarify whether the purchaser of the digital securities is required to open an account with Securitize LLC to access the portal or whether it is accessed through an Application Programming Interface that the Company provides. As part of your response, please indicate whether there are any agreements the purchaser is required to enter into in order to access the portal and

Oran Holtzman
ODDITY Tech Ltd.
February 6, 2023
Page 3

whether there are any fees incurred by the purchaser for any services that may be provided by Securitize LLC (custody, recordkeeping, transfers, purchase of other digital securities, etc.);

- Tell us what risks exist if the digital securities issued by you are stolen prior to redemption; and
- Tell us if the investors may use the portal managed by Securitize to purchase other digital securities and, if so, how that process differs from the digital securities issued by you.

You may contact Sasha Parikh at 202-551-3627 or Mary Mast at 202-551-3613 if you have questions regarding comments on the financial statements and related matters. Please contact Joshua Gorsky at 202-551-7836 or Alan Campbell at 202-551-4224 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Industrial Applications and
Services

cc: Alison A. Haggerty, Esq.