Fitness Operator F45 Training Closes US$279 Million IPO

Fitness center franchisor F45 Training Holdings Inc. (NYSE: FXLV) closed its initial public offering Monday, yielding total proceeds of US$279.0 million after deductions and commissions. The company went public on the New York Stock Exchange on July 15, 2021 under the symbol “FXLV”.

The firm was able to sell 18,750,000 common shares and its selling stockholders were able to sell additional 1,562,500 common shares at US$16.00 per share.

The underwriters still have the 30-day over-allotment option to purchase additional 3,046,875 common shares. Goldman Sachs & Co. and J.P. Morgan Securities acted as joint lead underwriters for the offering.

California-headquartered F45 Training’s main service is offering 45-minute group workout classes in over 1,750 studios in 45 countries. In 2019, Mark Wahlberg’s investment firm and FOD Capital bought minority equity in the company. The company counts the American actor as a board member and a franchise owner.

F45 Training last traded at US$13.75 on the NYSE.


Information for this briefing was found via Sedar and F45 Training. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Silver47 Samples 44.5 g/t Gold, 3,037 g/t Silver & 8.56% Copper At Kennedy Project In Nevada

Related News

Crypto Firm Argo Blockchain Prices US$112.5 Million IPO

Cryptocurrency mining company Argo Blockchain Plc (Nasdaq: ARBK) started trading on the Nasdaq Global Select...

Thursday, September 23, 2021, 03:48:00 PM

Tiger Williams-Led SPAC Williams Rowland Acquisition Seeks To Raise US$200 Million In IPO

Special purpose acquisition company Williams Rowland Acquisition Corp. (NYSE: WRACU) went public on the New...

Tuesday, July 27, 2021, 12:21:00 PM

Green Energy SPAC ClimateRock Prices US$75 Million IPO

Special purpose acquisition company ClimateRock (Nasdaq: CLRCU) started trading publicly on the Nasdaq Global Market...

Friday, April 29, 2022, 02:22:00 PM

Russian Real Estate Platform Cian Prices US$291 Million NYSE IPO

Online real estate classified ad platform Cian PLC (NYSE: CIAN) started trading on the New...

Monday, November 8, 2021, 02:17:00 PM

Tech SPAC AxonPrime Infrastructure Acquisition Conducts US$150 Million IPO

Special purpose acquisition company AxonPrime Infrastructure Acquisition Corporation (Nasdaq: APMIU) started trading publicly on the...

Monday, August 16, 2021, 10:49:00 AM