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LONDON - Project Glow Topco Limited, the ultimate holding company of The Beauty Tech Group Limited, announced Monday that its registration document has been approved by the UK’s Financial Conduct Authority (FCA).
The document marks a key step toward the company’s planned initial public offering and admission to trading on the London Stock Exchange’s main market. The Beauty Tech Group describes itself as a global player in the at-home beauty technology market.
The registration document follows the company’s "Expected Intention to Float" announcement released earlier the same day. According to the company statement, the document will be available on The Beauty Tech Group’s website and through the National Storage Mechanism.
The planned transaction would involve the sale of both existing and new ordinary shares in the company. Upon completion, the shares would be listed in the equity shares category of the FCA’s official list.
The company has not yet released details regarding the size, pricing or timing of the potential offering. Any prospective investors would need to make decisions based on the full prospectus when published, which would include risk factors and complete offering terms.
The announcement noted that the registration document does not constitute an offer to sell securities, and that no shares should be purchased except on the basis of information in any final prospectus that may be published.
The information was disclosed in a regulatory announcement based on a company press release.
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