Beauty Tech Group Set for £280M IPO on Oct 3
The Beauty Tech Group is set to make its stock market debut on 3 October, marking a significant step for the company. The group, which owns brands like ZIIP Beauty and Tria Laser, has priced its initial public offering (IPO) at 271 pence per share. This comes amidst increased activity on the UK stock market, with several companies considering listings.
Princes, a well-known name in British households for brands such as Flora and Branston pickle, is also eyeing a listing. Bought last year by Italian food company Newlat, Princes' growth as a listed entity could potentially be impacted by the ongoing cost of living crisis.
Laurence Newman, chief executive of The Beauty Tech Group, sees the IPO as 'the perfect platform' for the business to deliver 'sustained and profitable growth'. The group aims to execute its M&A ambitions, expand its portfolio, and extend its international reach through the IPO. Shares of the group rose by as much as five per cent above its initial offering on Friday.
The Beauty Tech Group's IPO is expected to grab the market's attention, with a planned valuation of £280–320 million. Other companies like Boots, SumUP, Loveholidays, and Shawbrook are also considering listings on the UK market in the upcoming months of 2025. Princes, with its staple brands in British households, has confirmed its intention to float on the London Stock Exchange, calling it 'a natural next step'.
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