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Project Glow Topco Ltd on Monday confirmed its intention to float on London’s Main Market in October. The London-based parent company of The Beauty Tech Group Ltd is targeting admission to the equity shares category in October. The Beauty Tech Group sells at-home treatment technology including laser devices and LED face masks through the brands Tria Laser, CurrentSkin and Ziip Beauty. On admission, Project Glow aims for a free float of at least 25% of issued capital, and expects to be eligible to join the FTSE UK indices. The company added that the initial public offering would ‘ensure a debt-free position with sufficient working capital to facilitate the group’s continued growth’ with a sale of existing shares carried out ‘to ensure a sufficient free-float’. Project Glow’s directors and current shareholders are expected to agree to lock-up arrangements for the period immediately following the IPO, the firm added. Berenberg has been appointed as the firm’s sponsor, bookrunner and joint financial advisor with NM Rothschild & Sons Ltd, should the IPO proceed. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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