The forthcoming London IPO of Applied Nutrition is poised to raise up to £400 million, aimed at reviving the financial market.
- Liverpool-based energy drink company sets IPO price range at 136 to 160 pence per share.
- The aspiring valuation suggests a range between £340 million and £400 million.
- The IPO receives backing from notable UK entrepreneurs, including Asda’s Mohsin Issa.
- CEO Thomas Ryder, who is the majority shareholder, continues to lead the firm’s ambitious market expansion.
Liverpool’s Applied Nutrition, recognised for its Body Fuel line of drinks, has set its sights on a substantial initial public offering (IPO) in London, aiming to raise up to £400 million. The decision arrives at a crucial moment as it seeks to reinvigorate London’s financial market. The shares are expected to be offered at a price ranging from 136 to 160 pence each, which implies an estimated company valuation of between £340 million and £400 million, a plausible leap for the energy drink manufacturer.
The IPO will comprise a sale of up to 137.4 million shares currently held by existing stakeholders, marking a significant portion of the company being available to public investors for the first time. This move is strategic, aimed not only at financial growth but also at increasing the company’s market visibility and influence in a competitive market.
Support for this public offering comes notably from four prominent British entrepreneurs, including Mohsin Issa, a co-owner of the supermarket giant Asda. Together, they are expected to contribute up to £25 million, though the identities of the other three investors have not been disclosed publicly. Such endorsements underscore the confidence in Applied Nutrition’s potential to further secure its market position.
Thomas Ryder, the founder and Chief Executive Officer of Applied Nutrition, remains the majority shareholder, indicating his ongoing commitment to steering the company through this transformative phase. His leadership has been pivotal in driving the company’s strategic initiatives, and the IPO is part of his broader vision to escalate its market share and operational capacity.
This initiative marks a significant milestone for Applied Nutrition as it seeks to bolster its financial standing and competitive edge within the energy drink sector.
The IPO represents a critical opportunity for Applied Nutrition to expand its market presence while revitalising London’s stock market.
