15th Sep 2025 10:32
(Alliance News) - Project Glow Topco Ltd on Monday confirmed its intention to float on London's Main Market in October.
The London-based parent company of The Beauty Tech Group Ltd is targeting admission to the equity shares category in October.
The Beauty Tech Group sells at-home treatment technology including laser devices and LED face masks through the brands Tria Laser, CurrentSkin and Ziip Beauty.
On admission, Project Glow aims for a free float of at least 25% of issued capital, and expects to be eligible to join the FTSE UK indices.
The company added that the initial public offering would "ensure a debt-free position with sufficient working capital to facilitate the group's continued growth" with a sale of existing shares carried out "to ensure a sufficient free-float".
Project Glow's directors and current shareholders are expected to agree to lock-up arrangements for the period immediately following the IPO, the firm added.
Berenberg has been appointed as the firm's sponsor, bookrunner and joint financial advisor with NM Rothschild & Sons Ltd, should the IPO proceed.
By Holly Munks, Alliance News reporter
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