Applied Nutrition to Launch on London Stock Exchange Amid £400m Valuation
- Applied Nutrition plans to debut on the London Stock Exchange with an IPO later this month.
- The company aims for a valuation of up to £400 million, with shares priced between 136p and 160p.
- This IPO represents a significant opportunity for growth and visibility in the health and nutrition sector.
In October 2024, Applied Nutrition, a sports health business based in Liverpool, is preparing for an initial public offering (IPO) on the London Stock Exchange. The company aims for a market valuation between £340 million and £400 million, with shares priced between 136p and 160p. This IPO is significant as it marks a resurgence of new listings on the exchange after a period of stagnation. The offer will include up to 137.4 million shares, raising up to £220 million for the company and its investors. Notably, several prominent entrepreneurs from the North West, including Asda co-owner Mohsin Issa, have pledged a combined £25 million as cornerstone investors. JD Sports, which acquired a 32% stake in Applied Nutrition in 2021, continues to support the company. Recent financial reports indicate a strong performance, with a pre-tax profit of £24 million for the year ending July 2024, up from £18 million the previous year, and a 41% increase in underlying earnings. This growth is attributed to a 42% rise in sales, reaching £86.2 million. The upcoming IPO is expected to enhance the company's visibility and financial standing in the competitive health and nutrition market.