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Life Time goes public again – valued at US$3.6bn
POSTED 11 Oct 2021 . BY Tom Walker
The group operates 150 Life Time athletic resort destinations in the US and Canada Credit: Life Time
Health club operator Life Time Group has become a listed company again
An IPO on 7 October saw the company valued at around US$3.6bn
Life Time previously traded on the NYSE from 2004 until 2015
The group operates 150 Life Time athletic resort destinations in the US and Canada
Health club operator Life Time Group has become a publicly traded company again, after it was listed on the New York Stock Exchange (NYSE).

An initial public offering (IPO) completed on 7 October saw the company sell around 39 million shares at US$18, raising US$702m and valuing the company at around US$3.6bn.

Goldman Sachs, Morgan Stanley and BofA Securities acted as joint lead book-running managers for the offering.

The group, which operates 150 Life Time athletic resort destinations in the US and Canada, previously traded on the NYSE from 2004 until 2015, when it was taken over by a group of investors.

Life Time becomes the latest fitness group to go public this year, following the listings of Xponential Fitness, F45 Training and Beachbody.

Since its listing, shares in Life Time have dipped slightly and were valued at US$17.20 at the close of trading on 8 October.
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Jobs    News   Products   Magazine
NEWS
Life Time goes public again – valued at US$3.6bn
POSTED 11 Oct 2021 . BY Tom Walker
The group operates 150 Life Time athletic resort destinations in the US and Canada Credit: Life Time
Health club operator Life Time Group has become a listed company again
An IPO on 7 October saw the company valued at around US$3.6bn
Life Time previously traded on the NYSE from 2004 until 2015
The group operates 150 Life Time athletic resort destinations in the US and Canada
Health club operator Life Time Group has become a publicly traded company again, after it was listed on the New York Stock Exchange (NYSE).

An initial public offering (IPO) completed on 7 October saw the company sell around 39 million shares at US$18, raising US$702m and valuing the company at around US$3.6bn.

Goldman Sachs, Morgan Stanley and BofA Securities acted as joint lead book-running managers for the offering.

The group, which operates 150 Life Time athletic resort destinations in the US and Canada, previously traded on the NYSE from 2004 until 2015, when it was taken over by a group of investors.

Life Time becomes the latest fitness group to go public this year, following the listings of Xponential Fitness, F45 Training and Beachbody.

Since its listing, shares in Life Time have dipped slightly and were valued at US$17.20 at the close of trading on 8 October.
RELATED STORIES
Life Time embraces new Apple Fitness+


Life Time says it’s the first US health & fitness club company to embrace Apple Fitness+ and include it as part of its membership offer.
US gyms are beating COVID-19


A study of gym visit data from the US suggests that health clubs and fitness facilities are not contributing to the spread of COVID-19.
Some US gym chains make face masks mandatory at all times, apart from when working out


Two of the largest health club operators in the US have announced that members and guests will be required to wear face masks when entering and exiting their facilities and when walking around the gym.
Coronavirus: US fitness chains close clubs


Leading fitness chains in the US are closing their clubs and studios, as a measure to tackle the spread of COVID-19 (coronavirus).
MORE NEWS
énergie opens first club in Spain as part of global expansion
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International Longevity Centre launches global fitness competition
A global innovation competition has been launched to find ways to encourage and support more older workers to return or remain in the workplace.
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Uptivo is an all-in-one digital solution for fitness clubs, fitness boutique studios and personal trainers that provides powerful tools to schedule activities, manage member payments, and monitor heart rate both for remote and on-site classes. [more...]

Shipping gym equipment from Europe to the UK
Despite the Prime Minister’s claims that trade with the EU would be tariff-free post-Brexit, the reality has become very different when importing gym equipment from the EU. [more...]
+ More featured suppliers  
COMPANY PROFILES
TVS Group

Total Vibration Solutions Ltd (TVS Group) includes TVS Sports Surfaces, TVS Gym Flooring, TVS Play S [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

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Retrofit London partners with Technogym to create high energy formats
Retrofit London creates personalised experience, premium service and sensational classes in partnership with Technogym Find out more...
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31 Oct - 03 Nov 2021

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