Applied Nutrition confirms London IPO later this month

(Sharecast News) - Applied Nutrition confirmed on Monday that it plans to float on the London Stock Exchange this month. The Liverpool-based sports health firm, which announced last month that it was potentially planning an IPO, said the offer will comprise existing shares to be sold by certain existing shareholders of the company.

It will be a targeted offering to institutional investors in the UK and elsewhere outside the US. The offer will also be made to retail investors in the UK.

The company, which is backed by JD Sports, is targeting a free float of at least 25% of issued share capital.

Deutsche Numis is acting as sole sponsor, sole global co-ordinator and sole bookrunner.