Applied Nutrition Plc has successfully completed its initial public offering, raising £157.5 million ($204 million) and providing a significant boost to London's capital market.

The company, which is known for its muscle-building whey protein, priced its shares at 140 pence, which is towards the lower end of its expected range.

Following the IPO, Applied Nutrition is expected to have a valuation of around £350 million and will begin trading on the London Stock Exchange under the ticker symbol APN LN.

This milestone not only showcases the company's growth since its establishment ten years ago by a former scaffolder but also indicates a positive development in the current market environment.