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.

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