Beauty Tech to debut in London with GBP300 million market value

Fri, 03rd Oct 2025 07:59

(Alliance News) - Beauty Tech Group PLC is to debut in London with a market value of GBP300 million, the company said, ahead of the start of conditional trading of its shares on Friday.

The Cheshire, England-based seller of at-home beauty treatment technology, including laser devices and LED face masks through the brands Tria Laser, CurrentSkin and Ziip Beauty, will sit in the equity shares (commercial companies) category of the Main Market when conditional trade of its shares kicks off next week.

It priced its initial public offering at 271 pence per share, equating to a GBP300 million market capitalisation, as its issued share capital will stand at 110.7 million on admission. The IPO price is the middle of a range of 251p and 291p earmarked in September.

Beauty Tech will raise GBP29 million from an offer of 10.7 million shares in its float. This will "ensure a debt-free position at IPO with sufficient working capital".

Existing shareholders will sell 28.6 million shares.

"This equates to a total offer size of GBP106.5 million and represents approximately 35.5% of the company's issued share capital on admission," Beauty Tech added.

Conditional dealings of the shares begin on Friday. Unconditional trade begins on Wednesday.

Berenberg acted as sponsor, bookrunner and financial adviser, and NM Rothschild & Sons Ltd as financial adviser for the IPO.

Beauty Tech is one of only a handful of new Main Market listings this year. The most recent high-profile Main Market IPO was Metlen Energy & Metals PLC, which debuted with a EUR6.08 billion market value. It now sits in the FTSE 100.

By Eric Cunha, Alliance News news editor

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