Thakral-backed company mulls London IPO
The Beauty Tech Group intends to publish a registration document and apply for admission.
Thakral Corporation-backed company, The Beauty Tech Group, is considering an initial public offering (IPO) on the main market of the London Stock Exchange.
UK-based The Beauty Tech Group, which is owned by Project Glow Topco, intends to publish a registration document and apply for admission of its ordinary shares.
Thakral Corporation has not received a valuation for The Beauty Tech Group yet. However, it believes that an increase in the value of its 9.32% stake could positively impact the company's financial position.