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IN BRIEF: Pre-IPO investors to sell £27 million Beauty Tech shares

ALN

Beauty Tech Group PLC - Cheshire, England-based seller of at-home beauty treatment technology - Joh Berenberg, Gossler & Co KG says shareholders in Beauty Tech indicate they are to sell 8.8 million shares, 7.9% of the company’s share capital. Investors were pre-initial public offer shareholders and sale follows a post-IPO lock-in. The sale and price will be conducted and determined by way of an accelerated bookbuild to institutional investors. At Wednesday’s closing share price, sales would be worth £27.3 million.

Current stock price: 310.00 pence

12-month change: up 7.6%

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