Applied Nutrition Debuts on London Stock Exchange

Applied Nutrition, a Liverpool-based protein powder company, successfully launched its initial public offering (IPO) on the London Stock Exchange, pricing shares at 140p and achieving a market valuation of approximately £350 million. The offering raised £157.5 million and included investments from notable figures such as JD Sports and Asda co-owner Mohsin Issa, as well as support from brand ambassador Coleen Rooney. Despite being at the lower end of its pricing range, the IPO is seen as a positive development for London's struggling capital market, marking only the tenth company to go public this year amid a decline in listings. Founder Thomas Ryder expressed pride in the company's growth potential and its listing as a milestone for the homegrown business. The shares experienced a boost in early trading, rising over 7% to 150p shortly after debuting. Applied Nutrition aims to leverage this IPO to expand its presence in the sports nutrition sector.