Fitness chain F45 Training Holdings, backed by Mark Wahlberg, is targeting an IPO of more than $ 1.5 billion months after it completed its merger with a blank check company.
The company based in Austin, Texas, was founded in Australia in 2013 and today has more than 1,500 studios with approximately 2,800 franchises in 63 countries.
F45 announced on Wednesday that it intends to sell approximately 20.3 million shares into one Sell priced between $ 15-17 each to raise up to $ 345 million. Around 1.6 million shares of the IPO are being offered by the selling shareholder, the proceeds of which would not go to the company.
F45 agreed to merge with Crescent Acquisition, a special-purpose acquisition company, in June last year, but canceled the deal later, as the COVID-19 pandemic closed several of its studios.
The company posted an 11 percent decline in sales for the year ended December 31, 2020, compared to a net loss of $ 12.6 million a year earlier to $ 25.3 million.
Approximately 86 percent of the company’s total studios were open as of March 31st.
The company is seeking a listing on the New York Stock Exchange and will be trading under the ticker symbol » FXLV « traded.
© 2021 NYP Holdings, Inc. All rights reserved
Terms of Use
Data protection
Your ad choices
Page index
Your California Privacy Rights
Don’t sell my personal information
Keywords: