The parent company of CurrentBody is the first beauty tech company to IPO, and the first UK beauty company to list on the main market.WHO: Headquartered in Manchester, The Beauty Tech Group was first founded in 2009 as CurrentBody.com by Laurence Newman and Andrew Showman. Initially selling third-party, at-home beauty devices, the group shifted in 2019 to exclusively selling its own-brand products. The group owns brands including CurrentBody Skin, ZIIP Beauty, and Tria Laser.International growth has been a key driver of the firm's expansion in recent years, with its products now available in more than 90 countries worldwide.WHY: The IPO marks a significant milestone in the company’s journey from start-up to public business. The business will use the proceeds to ensure a debt-free position and provide working capital.IN THEIR OWN WORDS: Laurence Newman, founder and Chief Executive of The Beauty Tech Group said, “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.”DETAILS:The Beauty Tech Group launched its IPO on the London Stock Exchange (LSE) under the ticker TBTG with a share price of 271 pence, valuing the business at £300 million ($404 million).The company will raise around £29 million ($39 million) by offering 10.