Tooru PLC (AIM: TOO) has officially commenced trading on the AIM market following the completion of the acquisition of several businesses from S-Ventures.
The move marks a significant milestone for the newly listed company as it steps into the public markets with a portfolio of consumer wellness and nutrition brands. The acquisition includes a range of assets from S-Ventures, enhancing Tooru’s presence in the health and wellness sector. The listing provides Tooru with a platform to drive further growth and investment across its expanded operations.
Tooru, which also owns digital marketing agency Market Rocket, told investors it is well-positioned for growth through both organic expansion and strategic acquisitions.
The company described the wellness sector as a highly attractive space with strong growth potential and “an ever-changing landscape of opportunity.”
“We have a great portfolio of wellness brands alongside an innovative technology company to complement the portfolio,” said Tooru’s chief executive, Scott Livingston. “We firmly believe that this stable of brands has significant potential for growth.”
Tooru’s AIM listing marks a key milestone in the company’s strategy to drive growth and profitability, providing access to capital to support its long-term vision.
“The AIM quotation represents an important milestone to support continued development through access to capital and will help us to fully execute our vision and drive profitability,” said chief executive Scott Livingston. “We plan to accelerate growth and scale organically and through complementary acquisitions in what is a fragmented market with significant opportunities.”
Tooru was formed through a reverse takeover of the former RiverFort Global Opportunities vehicle. Earlier this week, the company announced a £500,000 share placing and confirmed its name change to Tooru.
Comment: What the London stock market needs in 2025 are proper companies with proper businesses, and decent growth prospects. This is what TOO is bringing to the table, and one would expect the market to show its appreciation accordingly. The diversity of TOO’s businesses is a highlight.
