** Shares of Israeli-based online cosmetics retailer Oddity Tech ODD.O down 5.4% at $73.20 early Mon as it seeks capital raise

** Co announces private offering of $350 mln 0% 5-yr exchangeable notes

** It intends to use net proceeds for general purposes, including potential acquisitions

** Co to also use portion of proceeds to pay for capped calls, derivative transactions employed to offset dilution

** With ~55.8 mln shares outstanding, co has about $4 bln market cap

** Last month, the owner of the IL MAKIAGE and SpoiledChild brands said its co-founder and CEO offloaded 5.5 mln shares in a block trade to boost trading liquidity in the stock

** Including move on the session, ODD shares up 74% YTD. Stock hit record intra-day high of $79.18 last Tues

** Of 9 analysts covering ODD, 6 rate "strong buy" or "buy", rest rate "hold" with median PT of $65, per most recent LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))