Beauty Tech Group Targets £350 Million London IPO

Beauty Tech Group, the Cheshire-based owner of ZIIP Beauty, CurrentBody Skin and Tria Laser, is preparing an initial public offering on the London Stock Exchange that analysts say could value the company at about £350 million.

The group reported revenues of £101.1 million for the 2024 financial year and earnings of £22.9 million. Company executives said the IPO would provide access to capital to support growth, raise awareness and help incentivise staff as the business expands its international sales and manufacturing operations.

Founded in 2009 as CurrentBody.com by chief executive Laurence Newman and technology chief Andrew Showma, Beauty Tech develops, manufactures and sells at-home beauty devices that use light-emitting diodes, radio frequency and laser-based therapies it says have been used in professional clinics for decades. The group operates sales channels and manufacturing and distribution facilities across the US, UK, EU and Asia.

Beauty Tech described its market as "rapidly" growing and said the segment it serves is valued at between £9 billion and £12 billion globally, within a broader beauty and personal care industry estimated at £464 billion. The company cited analysis from OC&C Strategy Consultants indicating sales in its largest markets, the US and UK, grew by 13 to 14 percent between 2019 and 2024.

Analysts have used the group’s 2024 results to infer a potential flotation value of roughly £350 million. Company documents indicate Beauty Tech plans to target certain institutional investors in the UK and US, while allowing retail participation through RetailBook and its network of investment platforms, brokers and wealth managers.

"Since launching our own-brand at-home beauty technology products in 2019, the group has delivered sustained and profitable growth and established itself as a global leader in the fast growing at-home beauty market," Newman said in a statement, adding that an IPO would support the group’s next phase of expansion.

The proposed listing would come against a backdrop of subdued activity in London’s public markets. The first half of 2025 saw nine new listings that together raised £182.8 million, a level market watchers describe as muted compared with some prior periods. Law firm White & Case analysis cited by the company noted there were eight London listings in the first half of last year that generated £526.7 million and nine in the second half raising £258 million.

Beauty Tech’s planned move to float in London follows a broader trend of consumer technology and health-beauty groups seeking public capital to scale international distribution and product development. The company’s brands focus on direct-to-consumer and professional-adjacent devices marketed as bringing clinic-style treatments into the home.

If the IPO proceeds, investors will watch growth in the company’s core markets and the performance of its own-brand product line, launched in 2019, as indicators of whether the business can sustain the revenue expansion and margin profile implied by its recent results. The timetable for the listing and the target price range for the shares have not been disclosed.