The Beauty Tech Group has announced that it is considering an initial public offering (IPO) on the London Stock Exchange (LSE), in a boost to the UK market.
The at-home beauty device company, which owns the brands CurrentBody Skin, ZIIP Beauty and Tria Laser, plans to float on the main market of the LSE, according to an announcement on Monday by its holding company Project Glow Topco Limited.
It said that if The Beauty Tech Group goes ahead with the listing, the offer would be comprised of new shares to “ensure a debt-free position at IPO with sufficient working capital to facilitate the group’s continued growth alongside a sale of existing shares by shareholders to endure a sufficient free-float”.
The news comes as the London stock market continues to struggle to retain and attract companies, with stalling IPO activity in the first half of the year, according to an EY report.
There were nine new listings on the LSE in the first half of 2025, raising a total £182.8m ($247m), which represented a 64% fall from the £513.8m raised in the first six months of last year.
Three of the listings were on the main market, while six were on the alternative investment market.
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More broadly, there were approximately 540 deals recorded on the global IPO market in the first half of the year, raising nearly $62bn, which was flat year-on-year in terms of deal volume but represented 17% growth in total proceeds.
Lawrence Newman, founder and CEO of The Beauty Tech Group, said that were “significant opportunities” ahead of the company and that an IPO on the LSE would provide the firm with “access to capital, and enable us to raise awareness and incentivise staff to take the business to the next level”.
The Cheshire-headquartered company was founded as CurrentBody.com Ltd in 2009 by Newman and chief technology officer Andrew Showman. It started out selling third-party at-home beauty devices but now exclusively sells own-brand products under its three brands. Products include LED Light Therapy masks, microcurrent devices and laser hair removal devices.
According to the company, the global at-home beauty devices market has an estimated value of approximately £9bn to £12bn and is “growing rapidly” within the the £464bn global beauty and personal care market.
In the first half of the year, The Beauty Tech Group generated revenue of £55.2m, which was up from £43.5m for the same period last year. The company reported a profit of £2.8m, versus a loss of £784m for the same six months of 2024.