Applied Nutrition Plc raised £157.5 million ($204 million) in its initial public offering, boosting London's capital market. The protein-shake maker priced its shares at 140 pence, valuing the company at approximately £350 million as it prepares to trade on the London Stock Exchange under the symbol APN LN.
Applied Nutrition Plc is set to price its London IPO at 140 pence per share, aligning with the lower end of its initial range of 136 to 160 pence. This pricing values the company at approximately £350 million ($454 million), with demand sufficient to cover the offering.
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