Market Updates

TSI Group Announces IPO on Shanghai Stock Exchange

The 29-year-old ingredient supplier operates seven global manufacturing sites, with more expansion slated for next year.

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By: Mike Montemarano

Associate Editor, Nutraceuticals World

Photo: Nikolay N. Antonov | Adobe Stock

TSI Group, a global company specializing in the development and manufacturing of dietary supplements and ingredients, held an initial public offering (IPO) on the Shanghai Stock Exchange Main Board.

The 29-year-old company holds more than 228 patents around the world, and operates seven manufacturing sites, with additional facilities planned for its expansion in Australia, Hong Kong, the U.S., and the U.K. in 2026.

Listing on the SSE Main Board requires strong revenue, sustained profitability, strong reputation, and demonstrated innovation, the company reported, and the listing strengthens TSI’s profile with global partners and institutional investors.

The IPO will serve to fuel future growth through R&D investment and capacity expansion; co-create with partners more quickly; and strengthen trust through its manufacturing and regulatory performance.

“This IPO is more than just a financial milestone; it’s a powerful validation of our purpose, our people, and the trust of our partners,” said Joe Zhou, CEO. “From the very beginning, we’ve been driven by a simple belief: meaningful health innovation starts by understanding real consumer needs. Over the past three decades, we’ve built TSI into a global platform for consumer-centric, customer-focused product innovation, where science, quality, and speed come together to help brands bring effective and enjoyable solutions to market. Listing on the Shanghai Stock Exchange marks a new chapter, enabling us to scale faster, innovate deeper, and expand our global impact.”

“Looking back nearly 30 years to when Joe and I started TSI, our vision was grounded in three simple principles: quality, integrity, and transparency,” said Larry Kolb, co-founder. “We learned early on that if you stay true to those values and keep the consumer at the center of every decision, everything else will follow. Our journey has been shaped by continuous learning, strong partnerships, and a deep commitment to doing things the right way, not just the easy way. I’m incredibly proud of the world-class team that has built TSI into what it is today, and grateful to the customers who have trusted and supported us throughout this journey. At TSI, ‘healthy begins here’ isn’t just a motto, it’s a commitment we live by every day.”

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