Applied Nutrition Plc (Ticker: APN LN) is a UK-based nutrition company known for its protein shakes, powders, and dietary supplements, primarily focused on muscle-building and wellness. Founded in 2014 by former scaffolder Tom Ryder, the company has become one of London’s significant IPOs of 2024.

Applied Nutrition listed on October 24, 2024, in conditional trading, with unconditional trading commencing on October 29, 2024, on the London Stock Exchange. The IPO priced at 140 pence per share, raising £157.5 million (USD 204 million) and valuing the company at approximately £350 million. Deutsche Numis managed the offering as the sole sponsor, with cornerstone and major investors including Abrdn Plc, JPMorgan Asset Management, Slater Investments, Polar Capital, and Baillie Gifford & Co.