Revolution Beauty, the pioneering mass beauty innovator, has confirmed its intention to go public with its proposed admission to the Alternative Investment Market (AIM). Following in the footsteps of other in-demand shares like ASOS and Boohoo Group, Revolution Beauty plans to list approximately 70 million new shares and over 118 million existing ones, with trading expected to commence on July 19. With an initial placing price of 160p per share, the company’s market capitalisation is projected to reach £495 million.

The announcement of the IPO has garnered significant interest from esteemed institutional shareholders, resulting in oversubscription. This widespread support is predicted to generate gross proceeds of £189.3 million for existing investors, while the company will have immediate access to around £20 million in cash following the IPO.

Revolution Beauty’s Founder and CEO, Adam Minto, sees the IPO as a pivotal moment in the company’s trajectory, providing a sturdy foundation to execute their ambitious expansion plans and capitalize on the vast global growth potential within the beauty market.

By going public, Revolution Beauty aims to solidify its position within the beauty industry and leverage its established global scale. The IPO will grant the company access to additional resources and funding, fueling its growth and strategic initiatives. Equipped with a diverse range of beauty brands and a strong market position, Revolution Beauty is well-positioned to thrive in the continuously expanding demand for beauty products worldwide.

The announcement of Revolution Beauty’s IPO demonstrates the company’s confidence in its ability to seize opportunities, innovate within the beauty sector, and create enhanced value for its stakeholders. As the company embarks on its journey as a publicly traded entity, it is likely to attract attention from investors and industry players alike, who are eager to witness the next chapter of Revolution Beauty’s success story.

Useful Links:
1. Revolution Beauty Official Website
2. Alternative Investment Market (AIM) Information