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Beauty Tech listing is a rare ray of light in IPO window
The Observer
|September 28, 2025
Proposed£320m London float could lead other companies to follow suit, easing LSE'S slowdown, reports Barney Macintyre
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A company that sells electronic helmets for stimulating hair growth and LED skin masks has revealed plans for a London stock market listing that would value it at up to £320m.
Beauty Tech Group's proposed float is modest compared with recent US listings, but would still help to relieve a drought in the UK's IPO market. In time, some believe the slow drip could become a steady flow.
"There are a number of companies that remain keen to list and are watching closely to see how the deals first out of the blocks are received by the market," said James Wootton, corporate partner at Linklaters. "The success of processes under way at the moment, such as Beauty Tech, will be a small but important sign of how this IPO window is likely to play out."
London IPO fundraising fell to £8.8bn in the first half of 2025, its lowest in 30 years. Swathes of City advisers are stuck in limbo, relying on private deals and share sales to bring in fees. It's not clear the worst is over.
This story is from the September 28, 2025 edition of The Observer.
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