Report: Revolution Beauty Going Public

Jul 8th, 2021

Jacquelyn Schlabach

Revolution Beauty has reportedly almost doubled its average annual revenues.

Revolution Beauty has reportedly almost doubled its average annual revenues.

Revolution Beauty is going public in the London stock market in July; This Is Money reports the listing could be worth £500 million.

The company is reportedly sold in more than 11,000 stores across five continents. It is sold in Ulta Beauty and has digital partnerships with Amazon, ASOS, Boohoo and PrettyLittleThing.

Revolution Beauty has reportedly almost doubled its average annual revenues each year since its founding.

This Is Money reports that in the 14 months to February 28 in 2021, it recorded £157.6million in sales alongside £13.1million in underlying earnings.

This Is Money reports that investment firm Jupiter Asset Management has pledged to buy £90 million of shares from the AIM-listed placing.

Funds raised will help Revolution Beauty "fulfill its growth strategy through a mix of developing new products, boosting its store presence and selling directly to consumers via its website."

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