Applied Nutrition Plans £400 Million IPO

Applied Nutrition, a British sports nutrition company based in Liverpool, plans to raise up to £400 million through its initial public offering (IPO) on the London Stock Exchange. The IPO will offer up to 137.4 million shares at a price range of 136p to 160p each, valuing the company between £340 million and £400 million. The offering is backed by four prominent entrepreneurs, including Mohsin Issa, who have committed £25 million to support the initiative. Applied Nutrition, which has grown rapidly since its founding in 2014, reported revenues of £86 million for the year ending July, significantly up from previous years. The IPO is expected to boost London's financial market, which has seen a decline in listing activity. Retail investors can apply for shares with a minimum investment of £250 through various platforms until October 23.