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Beauty Tech Group PLC is sizing up a market capitalisation of up to £320 million when it floats on the London Main Market next month, according to a filing on Wednesday. Its parent Project Glow Topco Ltd has set the initial public offering price range between 251 and 291 pence per share, implying a market value between £280 million and £320 million. The IPO will comprise 11.6 million new shares, raising £29 million. This will ‘ensure a debt-free position at IPO with sufficient working capital’. Additionally, up to 29.3 million existing shares will be sold by current shareholders, ‘subject to pricing’, Beauty Tech said. The 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. Admission will occur in October, it added. ‘The company’s directors believe that the offer and admission will position the group for the next stage of its development, including further enhancing the group’s profile and brand awareness, assisting in retaining and incentivising senior management and key employees and providing it with a platform for continued growth,’ the firm said. It has engaged Berenberg as sponsor, bookrunner and financial adviser, and NM Rothschild & Sons Ltd as financial adviser for the IPO. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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