Liverpool-based Applied Nutrition seeks to invigorate the London market with its IPO.
- The company’s IPO aims to raise up to £400 million, with shares priced between 136 pence and 160 pence.
- Support comes from four high-profile entrepreneurs, including Asda co-owner Mohsin Issa, pledging up to £25 million.
- The IPO includes a substantial offering of 137.4 million shares from existing shareholders.
- Thomas Ryder, founder and CEO, remains the majority stakeholder in the firm.
Applied Nutrition, headquartered in Liverpool, has announced its intention to revitalise London’s struggling financial market through its imminent initial public offering (IPO). Seeking to amass up to £400 million, the firm’s shares are priced within a range of 136 pence to 160 pence, potentially valuing the company between £340 million and £400 million.
A notable component of this public offering is the backing from four significant British entrepreneurs. Among these, Mohsin Issa, known for his role as co-owner of Asda, has committed to participating with an investment of up to £25 million. The remaining three investors have not been publicly named.
As part of the IPO, up to 137.4 million shares will be available, facilitated by present shareholders. This substantial free float is expected to enhance the liquidity and appeal of the shares in the market.
The leadership of Applied Nutrition is spearheaded by its founder and Chief Executive Officer, Thomas Ryder, who retains a majority stake in the business. His continued involvement is anticipated to infuse confidence among potential investors, underscoring his commitment to the company’s future direction.
The IPO endeavours to strengthen Applied Nutrition’s market position while providing a substantial boost to London’s financial landscape.
