Prepared for £300 million Public Offering of Shares by CurrentBody's Ownership

In the world of beauty and technology, one company is making waves as it prepares to float on the London Stock Exchange. Beauty Tech Group, a company with a diverse product line including CurrentBody Skin, ZIIP Beauty, and Tria Laser, is on the verge of an Initial Public Offering (IPO) with a potential valuation of up to £300 million.

Founded in 2009 as Currentbody.com, the company has come a long way since its inception. Its founder, Laurence Newman, expressed pride in the company's achievements to date, particularly its ambition to bring clinically proven, professional-grade beauty technology into everyday use.

Last year, Beauty Tech Group reported an EBITDA of £22.9 million on revenue of £101.1m. This impressive growth has not gone unnoticed, with major investors like eComplete, co-founded by former MyProtein CEO Andrew Duckworth, and Simon Cooper, founder of On the Beach, holding significant stakes in the company.

eComplete invested £50m in 2021 for a majority stake in Beauty Tech Group. This investment is expected to provide the company with access to capital, helping it to capitalise on the fast-growing home-use beauty technology category.

The IPO is also intended to incentivise staff to take the business to the next level. Elaine O'Donnell recently joined as the non-executive chair of Beauty Tech Group, bringing her wealth of experience to the team.

Celebrities like tennis legend Serena Williams and reality TV star Kim Kardashian are already fans of Beauty Tech Group's products. Global markets account for 22% of the company's sales, indicating a strong international presence.

If successful, Beauty Tech Group could be valued at £300m. This would make it London's first significant IPO this quarter, following falling deal volumes in the first half of the year. The founder of Beauty Tech Group, while not explicitly identified in the provided search results, is set to see their stake valued at an estimated £48m.

As Beauty Tech Group prepares to float on the London Stock Exchange, it is clear that the company is poised for continued growth and success in the beauty tech industry. The float is also expected to raise awareness for the company, making it a name to watch in the coming years.