Applied Nutrition has announced its plans to go public this month, potentially marking one of the most notable listings on the London Stock Exchange this year.
In August, the Liverpool-based company revealed a £500m IPO plan by the end of the year following an impressive growth in the 12 months leading up to July. The firm confirmed today that the listing is set to occur in October, as reported by .
The performance supplement manufacturer stated that the offer will consist of existing shares being sold by current shareholders.
The IPO will be aimed at institutional investors in the º£½ÇÊÓƵ and retail investors via the Retail Book platform. Post-IPO, the company aims for a free float of at least 25 per cent.
"Any additional details in relation to the offer, together with any changes to corporate governance arrangements, will be disclosed in a prospectus, if and when published," the company declared.
In recent months, Applied Nutrition has been strengthening its senior team in preparation for the listing, with AJ Bell founder Andy Bell joining as chair in February. Tony Buffin, former chief of Holland & Barrett, and Marnie Millard, former chief of Nichols, have been appointed as non-executive directors.
The company's listing is anticipated to be one of the most significant of the year, given the London stock exchange's struggle to attract new companies to list, with only 23 signing up last year.
This figure was a decrease from 45 in 2022, which itself represented a 62 per cent drop compared with a record 119 listings in 2021.
