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A protein powder company created by a Liverpool council estate scaffolder is aiming for a £400m 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, will float in London later this month.
The group, based on an industrial park in Knowsley, Liverpool, will offer shares at prices between 136p and 160p each, making the company worth between £340m and £400m.
Listing: Sports health brand Applied Nutrition, created by father-of-four Thomas Ryder (pictured), goes on sale later this month.
Four “prominent and highly successful North West businessmen” will buy shares worth £25m.
Only Mohsin Issa, who bought Asda with his brother, was named as one of the key 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, owns a 53.5 per cent stake, worth up to £214m.
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