A fitness company in Australia and backed by Hollywood actor Mark Wahlberg, wants to list it on the stock exchange.
Aussie fitness chain F45 appreciating $ 2b valuation for NY exchange
Hollywood superstar Mark Wahlberg stops by F45 Woolloomooloo for a workout early in the morning
One of Australia's most visited gyms, F45 Training Holdings, could be worth a whopping $ 2 billion.
Hollywood superstar Mark Wahlberg stops by F45 Woolloomooloo for a workout early in the morning
One of Australia's most visited gyms, F45 Training Holdings, could be worth a whopping $ 2 billion.
The Australian company, which is proud of its high-intensity fitness regimes (HIIT), wants to list on the New York Stock Exchange.
In its first IPO, F45 followed a valuation of DKK 1.5 billion. $ (A2 mia. $).
F45 said on Wednesday that it aims to sell approx. 20.3 million shares priced between $ 15 and $ 17 apiece to raise up to $ 345 million (A $ 460 million).
In its first IPO, F45 followed a valuation of DKK 1.5 billion. $ (A2 mia. $).
F45 said on Wednesday that it aims to sell approx. 20.3 million shares priced between $ 15 and $ 17 apiece to raise up to $ 345 million (A $ 460 million).
The gym was founded in 2013 in Australia and now has more than 1,500 studios with around 2,800 franchises in 63 countries.
Hollywood star Mark Wahlberg took a special interest in the company in 2018 after taking his first class and then successfully requesting a minority stake in the company.
The company's relocation on the stock exchange comes months after the completion of a merger.
F45 agreed in June last year to merge with Crescent Acquisition, a specialty acquisition company, but later canceled the deal when the COVID-19 pandemic closed several of its studios.
Approximately 1.6 million shares in the IPO will be offered by the selling shareholder if the proceeds do not go to the company.
It created an 11 percent drop in revenue for the past year, with net loss rising to $ 33.7 million from a loss of $ 16.8 million the year before.
About 86 percent of the company's total studies were open by 31. March according to its archiving.
The high-intensity interval training center has spread to 63 countries.
The company seeks to list on the New York Stock Exchange and will trade under the ticker symbol "FXLV."
"The gym was founded in 2013 in Australia and now has more than 1,500 studios with around 2,800 franchises in 63 countries."
Goldman Sachs and JPMorgan are the main insurance companies for the offering.
This article originally appeared in The New York Post and is reproduced here with permission.
This article originally appeared in The New York Post and is reproduced here with permission.
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