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Beauty Tech Group Sets London IPO Price Range, Targeting £280m–£320m Valuation

The October listing will fund a balance‑sheet reset that leaves the company debt‑free.

Overview

  • The company will issue about 11.6 million new shares to raise roughly £29 million, with up to 29.3 million existing shares available from current holders.
  • Selling shareholders could receive as much as £85 million, and the first day of trading is expected next month.
  • Directors have agreed 12‑month lock‑ups, and former Games Workshop chair Elaine O’Donnell has been appointed non‑executive chair.
  • H1 2025 sales rose 27% to £55.2 million following 2024 underlying earnings of £22.9 million on £101.1 million revenue.
  • The group sells at‑home devices under CurrentBody, ZIIP Beauty and Tria Laser in more than 90 countries, with the US and Canada making up 37% of 2024 sales.