RE: Unbelievable gem7 Oct 2024 09:01
- Applied Nutrition PLC on Monday confirmed its plan for an initial public offering on the London Main Market later this month.
The Liverpool-based sports health brand was founded in 2014 by its chief executive, Thomas Ryder. It is backed by FTSE 100-listed JD Sports Fashion PLC, which has a 32% stake.
The company offers sports nutrition products for a range of users, from professional athletes and "elite gym-goers" to "every-day health-conscious consumers". Its brands include 'Applied Nutrition', 'BodyFuel' and 'Endurance'.
Applied Nutrition said the IPO will consist only of existing shares. It didn't provide any price expectation, but Sky News last month said an IPO could value Applied Nutrition around GBP500 million.
Surely this £170m crystallised should push sp up - but it goes down??