Applied Nutrition has been valued at £350m following its initial public offering (IPO) on the London Stock Exchange.

The offer price for the sports health company, which is based in Liverpool, has been set at 140p per share.

Applied Nutrition said the offer comprises 112.5 million existing shares being sold by certain existing shareholders of the company, which equates to a total offer size of £157.5m and represents approximately 45% of its issued share capital on admission.

Immediately following admission, the company’s issued share capital will be 250m shares.

Applied Nutrition CEO, Thomas Ryder, said: “As a homegrown UK business based in Knowsley, Liverpool, we could not be prouder to be listing on the London Stock Exchange. We are delighted with the support shown by investors during our roadshow, and the top-quality shareholder register that we have secured.

“As we reach this important milestone in our journey, I would like to thank our employees for their continuing hard work and dedication.

“We are only scratching the surface of our growth opportunity and this IPO positions us ideally for the next step of our development. We are confident it will assist in our vision to create the world's most trusted and innovative sports nutrition, health & wellness brand.”

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