Liverpool-based sports supplements maker Applied Nutrition Ltd. announced Monday its plans for an initial public offering (IPO) on the London Stock Exchange (LSE). The company, known for producing dietary supplements for athletes and fitness enthusiasts, aims to boost its international presence in the booming health and wellness sector.
Applied Nutrition £500M IPO : Targeting £500M Valuation
While Applied Nutrition has not disclosed the exact amount it hopes to raise, reports suggest the IPO could value the company at approximately £500 million ($670 million). Deutsche Numis is serving as the global coordinator, sponsor, and bookrunner for the proposed float, which will invite both institutional and private investors to participate. The IPO marks a significant step for the company as it looks to expand its global reach.
Growth Strategy and Market Opportunity
Thomas Ryder, founder and CEO of Applied Nutrition, highlighted the company’s rapid growth and future potential, stating that the IPO would position the business for its next stage of development. “We are only scratching the surface of our growth opportunity, and this IPO positions us ideally for the next step of our development,” Ryder said.
