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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.

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