The UK’s Beauty Tech Group, parent company of at-home beauty device leaders CurrentBody, ZIIP Beauty, and Tria Laser, has made a major splash on the London Stock Exchange, completing one of the highest UK beauty sector IPOs in recent years. Shares were priced at 271 pence, giving the company an initial valuation in the £280–£320 million range, well above industry averages and setting a new bar for UK-based tech-driven beauty firms.
Historic Flotation During a Challenging Market
The company raised £29 million through the sale of 10.7 million new shares, with a further 28.6 million shares offered by existing backers, totalling an offer size of £106.5 million—equal to 35.5% of its capital. Analysts note this listing stands out because recent months have seen a slowdown in new London IPOs, making Beauty Tech Group’s debut a rare victory for the UK market.
CEO Voices Commitment to Growth
Laurence Newman, Founder and CEO of Beauty Tech Group, commented:
“From establishing ourselves as a global leader in the fast-growing at-home beauty technology market to successfully completing this milestone listing on the London Stock Exchange, the group continues to go from strength to strength. As we enter the next stage of our growth journey, this IPO provides the perfect platform to increase awareness of our three distinct, premium brands and take the group to the next level, while delivering sustained and profitable growth.”
Tech-Driven Expansion and Revenue Highlights
Founded in Cheshire as CurrentBody.com in 2009 by Laurence Newman and Andrew Showman, Beauty Tech Group has become a pioneer in bringing technology-infused beauty solutions from the clinic directly to consumers’ homes. Initially serving as a third-party e-commerce retailer, the company has since invested in developing its proprietary brands:
- CurrentBody Skin is known for its clinically proven LED masks and skincare technology, with over 500,000 customers in more than 80 countries.
- ZIIP Beauty, a US-based brand offering patented microcurrent technology and app-connected devices for customized, at-home facials.
- Tria Laser, an FDA-cleared leader in laser hair removal for consumers, brings over two decades of clinical expertise to household beauty routines
These brands have gained global recognition and celebrity endorsements, with star users including Kim Kardashian and Serena Williams. This worldwide appeal has fueled Beauty Tech Group’s growth, reporting annual revenue of £101 million in 2024 and a profit of £1.7 million, despite broader market volatility.
Devices, Technology, and Global Reach
The group’s core strategy centers on engineering advanced devices—such as LED light therapy masks, radio frequency tools, and laser-based treatments—that marry clinical credibility with consumer-friendly design. Its products, now distributed in over 80 countries, are trusted by dermatologists and come backed by clinical studies and patents spanning the United Kingdom, United States, and China.
With a global team across innovation, manufacturing, and sales hubs, Beauty Tech Group’s reach extends to major retailers including Harrods, The Ritz-Carlton, Blue Mercury, and Nordstrom, contributing to a reputation as a trusted, prestige device supplier in the booming £2.7 billion+ beauty tech market—projected to grow at up to 17% CAGR through 2026. Industry Reception and Market Impact
Trade analysts and industry media widely cite Beauty Tech Group’s IPO as a marker of investor confidence in tech-enabled beauty retail. They also see the move as a much-needed boost for the London stock market and a sign of renewed commitment to domestic innovation. The expectation is that IPO proceeds will enable intensified investment in product innovation, expanded international market penetration, and strategic hiring, positioning the company to target the booming £9–£12 billion global home beauty device market.
Innovation and the Future of Beauty
The UK’s position as a nurturing ground for innovative consumer tech companies is underscored by Beauty Tech Group’s willingness to remain anchored in London, rather than pursue valuation overseas. As technology and consumer wellness continue to blend, the company stands at the frontier of science-backed beauty solutions. With its strong balance sheet, research-driven product pipeline, and focus on delivering both efficacy and experience, Beauty Tech Group is poised to influence the industry far beyond its historic IPO.
