May 21, 2026 – 2.06pmPiercing chain SkinKandy’s shares rose on its market debut, defying a gloomy retail backdrop, in a sign that investors still have an appetite for IPOs if they can see a company’s long-term expansion potential.The private equity-backed business – which operates more than 100 stores and earned almost $90 million in revenue this year – is the largest piercing chain nationally and differs from its competitors, whose offerings are more focused on selling jewellery.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Investors give SkinKandy ‘benefit of the doubt’ in solid ASX debut
The piercing chain is the second big name to list this year, and investors say its long-term success will be determined by its international expansion.
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