(Reuters) – Applied Nutrition, a British sports nutrition-related business, on Thursday priced its London initial price offering at the lower end of its indicated range, valuing it at 350 million pounds ($452.87 million).

The company, which is backed by JD Sports, priced its offering 140 pence per share, at the lower end of its target range of 136 pence to 160 pence.

($1 = 0.7729 pounds)

(Reporting by Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala)