Beauty Tech Group has priced its IPO at 271 pence per share, implying a market capitalisation of £300m, as the British company prepares to make its London market debut today.
The IPO is a boost for London, which has had a slow start this year and seen a raft of companies seeking listings abroad despite regulatory reforms aimed to attract companies.
The company, which makes and sells at-home beauty devices using lights and lasers, said the IPO comprises 10.7 million new shares to raise €29m, and 28.6 million shares to be sold by shareholders of the company.
That implied a total offer size of £106.5m, the company said, representing about 35.5% of its issued share capital.
