Beauty Tech Group Aims for £320 Million Valuation in Upcoming IPO
Beauty Tech Group, known for gadgets used by celebrities, aims for a £320 million valuation in its upcoming IPO next month.
Beauty Tech Group Set to Make Waves with Upcoming IPO
The Beauty Tech Group, the brainchild behind the beauty gadgets favored by icons like Kim Kardashian and Serena Williams, is gearing up for a valuation of up to £320 million during its stock market debut next month.
With brands like CurrentBody, ZIIP Beauty, and Tria Laser under its umbrella, the company has announced that shares for its initial public offering (IPO) will be priced between 251p and 291p each. This strategic move is aimed at enhancing the company’s profile and securing its growth trajectory in the booming beauty market.
Plans for the IPO, slated for October, are not just about the numbers; they also include retaining top talent and expanding brand awareness. The company anticipates raising about £29 million from offering 11.6 million new shares, with an additional 29.3 million shares being sold by existing stakeholders.
Founded in 2009 by Laurence Newman and Andrew Showman, the Cheshire-based Beauty Tech Group transitioned to its own-brand products in 2019, focusing on high-tech solutions like LED masks and hair growth stimulators. With the at-home beauty market valued between £9 billion and £12 billion globally, it’s clear that the company is ready to shine on the international stage, currently reaching over 90 countries.
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