Beauty Tech Group launches London IPO at £300m valuation

The Beauty Tech Group, a UK-based company known for its at-home beauty devices, made its stock market debut with an IPO priced at 271 pence per share, valuing the company at approximately £300 million. This IPO is the largest British listing of the year so far and includes a total offer size of £106.5 million, representing 35.5% of the company's issued share capital. The company owns notable brands such as CurrentBody, popular among celebrities like Kim Kardashian and Serena Williams. CEO Laurence Newman highlighted the IPO as a strategic platform to enhance brand awareness and drive sustainable, profitable growth. Market analysts praised the company's approach, particularly its recruitment of experienced board directors and executives to navigate public market challenges effectively. The IPO also marks a positive development for the London market, which has struggled to attract listings this year despite regulatory efforts.