Applied Nutrition in talks for London IPO

Liverpool headquartered sports science and nutrition firm Applied Nutrition is reportedly readying plans to float on the London Stock Exchange via a £500 million IPO.

Applied Nutrition, which is part owned by JD Sports, has held meetings with bankers across the City of London to discuss the possible listing, albeit firm plans have yet to be confirmed and nor formal arrangements have bee announced.

It makes and sells protein powders, creatine, and collagen nutrition aids. Its products are sold directly to consumers online, and, via well established retailers including Asda, Walmart, Tesco, and Holland & Barret.

The company is expected to see pre-tax profits of £25 million in the 12 months to July, supported by revenues climbing by a third to between £80 and £85 million.

Applied Nutrition founder Tom Ryder owns around 55% of the company, which JD Sports has 32%. It is reported that Ryder will look to sell some of his existing shares are part of a public sale.