By Graeme Evans
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Cheshire-based Beauty Tech Group will have an initial value of £300 million when conditional dealings in its shares get underway at 8am this morning.
An offer price of 271p is at the mid-point of previous expectations, with the at-home beauty technology products firm set to raise £29 million from the issues of new shares.
The initial public offering (IPO) provides a boost to the London stock market after a barren period for new issues.
The group was founded in 2009 by current chief executive Laurence Newman and chief technology officer Andrew Showman. It sells through three beauty technology brands – CurrentBody Skin, ZIIP Beauty and Tria Laser.
Newman said: “I am incredibly proud of everything The Beauty Tech Group has achieved since we launched CurrentBody in 2009.
“From establishing ourselves as a global leader in the fast growing at-home beauty technology market to successfully completing this milestone listing on the London Stock Exchange, the Group continues to go from strength to strength.”
