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N4 Group

N4 Group (Ticker: ALN4 FP) is a French family group that develops and distributes sports nutrition products and cardio and strength-training equipment. Its 14 brands cover sports-performance nutrition, fitness and health nutrition, and training equipment. The group sells through e-commerce, FitnessBoutique stores, pharmacies, specialist retailers and mass-market retail. Its N4 Labs platform handles nutrition-product research, formulation, quality and production.

N4 Group is scheduled to begin trading on Euronext Paris on October 26, 2026. The offering was priced at EUR 23.81 per share and comprises 2,099,957 shares: 293,994 newly issued shares and 1,805,963 shares sold by existing shareholders. At the confirmed price, the base offering represents EUR 50.00 million in gross proceeds, approximately $56.18 million. The reported IPO market capitalization is EUR 267.00 million, approximately $300.03 million.

As of March 31, 2026, the group had 161 full-time-equivalent employees and 115 FitnessBoutique sales locations. Its reported figures as of that date included revenue of EUR 91.10 million and an EBIT margin of 17%. The group traces its origins to FitnessBoutique, created in Voiron in 1999. Net proceeds are intended to support N4 Labs’ industrial capacity, including new production lines at Voiron, and international development initially in Belgium, Spain and Italy. TP ICAP is the listing sponsor and agent.

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