Applied Nutrition has grown impressively over its ten-year history, and it has also shown that it is a strong cash generator. The company’s sports nutrition and health products are sold internationally, but it is still early days in the US.
The indicative price range was 136p to 160p and it was initially planned that 137.4 million shares would be sold by existing shareholders. In the end, 112.5 million shares were sold at 140p each. That raised £157.5m, but there was £153.7m left after expenses.
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The share price opened at 150p, and it has fallen back to 140p. There were 5.82 million shar...
