Revolution Beauty has confirmed plans to float in London with a listing worth almost £500 million. The beauty brand, which was only founded in 2014, is set to trade on the AIM index with a market value of £495 million from Monday July 19. The group sells beauty and skincare products in more than 11,000 outlets with retailers across 45 countries, as well as online through the likes of lookfantastic and Asos, while it also sells direct to consumers. The IPO of Revolution Beauty marks a significant milestone in the company’s development Adam Minto, chief executiveRevolution said on Tuesday that the company will raise £110.7 million through the placing of new shares. Revolution has grown to post net revenues of £157.6 million for the 14 months to February 28 and currently employs 220 people.

Source: Irish Independent July 13, 2021 09:45 UTC