The IPO raised GBP157.5 million for the company’s owners, making it one of London’s largest this year and delivering a windfall to the former scaffolder who founded the protein shake maker a decade ago.
Protein shake maker Applied Nutrition Plc rose on its trading debut Thursday, in a boost to London’s sluggish capital market.
Shares opened at 150 pence ($2.57), more than 7% above the price of its initial public offering, and were changing hands around 148 pence at 8.15am in London.
