The founding father of The Beauty Tech Group mentioned he hopes the agency’s inventory market flotation will spur others to listing on the London market because the group noticed shares bounce after making its debut.
Chief govt Laurence Newman, who co-founded the agency in 2009, informed the PA information company he was “proud” to decide on London for the agency’s preliminary public providing (IPO).
“I started the business in the North West of England – I built a British business and made it into an international business… it was my decision to support the London market,” he mentioned.
“It’s proven to be the right decision.”
“I’m also hoping this will be the start of other people coming to the market,” he added.
The agency – which owns magnificence gadget manufacturers CurrentBody, ZIIP Beauty and Tria Laser – kicked off its IPO with a £300 million valuation, with shares priced at 271p, however the inventory jumped 6% greater in afternoon buying and selling on Friday.
The opening worth marked the mid-point of the vary beforehand given for between 251p to 291p a share.
Mr Newman mentioned: “From establishing ourselves as a global leader in the fast-growing at-home beauty technology market to successfully completing this milestone listing on the London Stock Exchange, the group continues to go from strength to strength.
“As we enter the next stage of our growth journey, this IPO provides the perfect platform to increase awareness of our three distinct, premium brands and take the group to the next level, while delivering sustained and profitable growth.”
The firm – whose manufacturers are utilized by the likes of Kim Kardashian and Serena Williams – has raised round £29 million from providing 10.7 million new shares within the agency, with 28.6 million shares additionally being bought by present shareholders, giving it a complete supply measurement of £106.5 million by promoting round 35.5% inventory within the float.
The flotation provides a welcome shot within the arm to the London market which has lately suffered a raft of high-profile companies defecting for abroad rivals, whereas a quantity have additionally been snapped up and brought non-public.
Cheshire-headquartered Beauty Tech Group was based 16 years in the past as CurrentBody.com by Mr Newman and chief expertise officer Andrew Showman.
Initially promoting third-party at-home magnificence gadgets, the group shifted in 2019 to completely promoting its personal merchandise underneath the three manufacturers.
Its merchandise – together with face masks, hair-growth stimulator helmets and hair-removal devices – deal with merchandise that use LED, radio frequency, microcurrent and laser remedies.
Mr Newman informed PA the group is seeking to carry out extra merchandise in its three model ranges, with plans additionally to carry out a refreshed Tria hair elimination vary subsequent yr after it purchased the model on the finish of 2024.
The agency made underlying earnings of £22.9 million on revenues of £101.1 million in 2024.
Sales rose 27% to £55.2 million within the first half of 2025.
The group estimates the at-home magnificence market is price round £9 billion to £12 billion globally and is a quickly rising a part of the broader £464 billion international magnificence and private care sector.
International progress has been a key driver lately, with the agency’s merchandise accessible in additional than 90 international locations worldwide.
While remaining headquartered within the UK, Mr Newman mentioned it was a “small part of the business”.
“It’s truly international,” he added.