Applied Nutrition is set to launch a £500m IPO on the London Stock Exchange, one of the largest listings this year.
- The Liverpool-based company’s IPO follows a year of significant growth, expanding its market to over 80 countries.
- Existing shares will be sold in the offering, targeting both institutional and retail investors.
- Recent executive appointments, including Andy Bell as chair, bolster the company’s leadership team for the IPO.
- The IPO is a strategic move amidst a challenging market, with fewer companies listing on the London Stock Exchange.
Applied Nutrition has announced intentions to make a significant entry into the public market with a £500 million Initial Public Offering (IPO) on the London Stock Exchange this month. As a Liverpool-based company, it has experienced remarkable growth over the past year, extending its reach to more than 80 countries.
The decision to proceed with an IPO comes after a strong year ending in July, as reported by City AM. During this period, the firm saw substantial development, positioning itself for one of the most prominent listings the Exchange might witness this year.
The IPO will consist of current shareholders selling existing shares, targeting a broad investor base in the UK. Institutional investors will have the opportunity to participate, along with retail investors through the Retail Book platform, aiming for a free float of at least 25 per cent.
To prepare for this ambitious step, Applied Nutrition has strengthened its executive team with key appointments. Notably, AJ Bell founder Andy Bell joined as chair earlier this year, complemented by Tony Buffin and Marnie Millard as non-executive directors.
The company’s upcoming listing is instrumental for the London Stock Exchange, which has struggled to attract new listings recently. Last year, only 23 companies listed, a sharp decline from previous years, emphasising the significance of Applied Nutrition’s IPO.
This IPO represents a critical opportunity for Applied Nutrition to leverage growth amidst a competitive financial landscape.
