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The Beauty Tech Group said it’s planning an initial public offering on the London Stock Exchange, marking a potential boost for the UK’s capital markets after the slowest first-half for IPO volumes in more than 20 years.
The at-home cosmetics tech company — known for its brands CurrentBody Skin, ZIIP Beauty and Tria Laser — said the offering would be expected to consist of new shares in order to give the firm a “debt-free position” and existing shares by holders, according to a statement from the Cheshire, UK-based firm.
The UK’s stock market has shrunk in recent years due to M&A-related delistings and a dearth of sizeable new IPOs, and debut activity has remained muted this year.
Only seven companies have completed first-time share sales in the UK so far in 2025, raising about £200 million, according to data compiled by Bloomberg. Glencore-backed Cobalt Holdings Plc called off plans for a $200 million float in June, the day before it was set to start trading.
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Beauty Tech, which was founded in 2009, is first out of the gate for potential London listings in the fall window. Other firms that have been reported to consider IPOs as soon as this year include specialist lender Shawbrook Group Plc and packaged food company Princes Ltd.
According to the filing, the beauty technology firm reported adjusted earnings before interest, tax, depreciation and amortisation of £22.9 million ($30.9 million) on revenue of £101.1 million last year. The offering is being led by Berenberg, the statement said.
By Bre Bradham
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