A protein powder company set up by a scaffolder from a Liverpool council estate is aiming for a £400million valuation when it lists on the stock market.
In a major vote of confidence in the City, sports health brand Applied Nutrition, founded by Thomas Ryder, is set to float in London later this month.
The group, based on an industrial park in Knowsley in Liverpool, will offer shares priced between 136p to 160p each, making the firm worth between £340million to £400million.
Listing: Sports health brand Applied Nutrition, which was set up by father-of-four Thomas Ryder (pictured) is set to float later this month
Four ‘prominent and highly successful North West entrepreneurs’ will buy £25million of shares.
Only Mohsin Issa, who bought Asda with his brother, was named as one of the cornerstone investors.
But former JD Sports boss Peter Cowgill is also an investor and Andy Bell, founder of broker AJ Bell, became chairman earlier this year.
Ryder, 40, a father-of-four who was raised by his grandparents in a council house in Kirkby and left school at 16, holds a 53.5 per cent stake, worth up to £214million.
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