Thakral’s The Beauty Tech Group prices $50m IPO on London Stock Exchange
Thakral Corporation Ltd has priced its UK investee, The Beauty Tech Group plc's IPO on the London Stock Exchange at $50.46m (£29m), valuing the company at approximately $522m (£300m). The listing is set for 8 October 2025. Thakral will sell 2.86% of its stake, generating about $13.1m, while retaining 6.04%. Proceeds will be used for debt repayment and growth initiatives, enhancing Thakral's financial position and liquidity while supporting long-term growth.
The listing is scheduled for 8 October.
SGX-listed Thakral Corporation Ltd has announced that its UK investee, The Beauty Tech Group plc (formerly CurrentBody.com Ltd), has successfully priced its IPO on the London Stock Exchange, raising $50.46m (£29m) at $4.71 (£2.71) per share, valuing the company at approximately $522m (£300m). The listing is scheduled for 8 October 2025.
Thakral will sell 2.86% of its stake (2,864,515 shares) in the IPO, generating about $13.1m, whilst retaining 6.04% (6,683,868 shares) in the company.
The remaining stake will be revalued at market price, giving Thakral an estimated value of $31.5m (£18.1m) and an expected NAV uplift of 10% to $2.34 per share.
Proceeds from the IPO will be used by The Beauty Tech Group to repay debt and fund growth initiatives.
Thakral said the partial sale strengthens its financial position and liquidity whilst maintaining its strategic commitment to the company’s long-term growth.
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