Revolution Beauty Group will pay off borrowings and be left with net cash following its AIM flotation. This can be used to raise the profile of the company and grow the business internationally. It believes it is able to compete in the market because it is nimble in spotting trends and bringing out products.
In the first three months of the new financial year sales were £41.9m. Growth is coming from online and high street stores, as well as by moving into new markets. There are also plans to launch RevolutionMAN next year.
The share price ended the first day of trading at 150p. According to investegate.com there were nearly 670,000 shares traded.
It will take time for the benefits of investment to show through. Jupiter obviously has faith in management, or it would not have inves...