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PRODUCT NEWS
iFIT confirms plans for IPO – plans to float on Nasdaq
01 Sep 2021 . BY Tom Walker
iFIT's equipment brands include Freemotion (pictured), NordicTrack and ProForm / iFIT/Freemotion Fitness
iFIT Health & Fitness has confirmed plans to go public and list the business on the Nasdaq.

The connected fitness and equipment specialist – whose brands include Freemotion, NordicTrack and ProForm – has filed a registration statement with the US Securities and Exchange Commission.

The statement outlines plans for a proposed IPO of its common stock.

Morgan Stanley, BofA Securities, and Barclays Capital will act as lead book-running managers for the proposed offering.

iFIT completed a rebrand earlier this year, ditching its former name Icon Health & Fitness – under which it had traded since the company was founded in 1977.

The rebrand was part of a strategy to create an omnichannel fitness service around the iFIT platform, combining its club-based and at-home fitness equipment brands.

The subscription-based iFIT platform provides the content to all of the group's equipment brands and also features no-equipment, at-home digital workouts.

It currently has more than six million members in over 120 countries.

During the pandemic, as consumers moved to digital fitness services, the group ​​focused on making its iFIT platform central to all operations.

No date has yet been set for the IPO.
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Jobs    News   Products   Magazine
PRODUCT NEWS
iFIT confirms plans for IPO – plans to float on Nasdaq
01 Sep 2021 . BY Tom Walker
iFIT's equipment brands include Freemotion (pictured), NordicTrack and ProForm / iFIT/Freemotion Fitness
iFIT Health & Fitness has confirmed plans to go public and list the business on the Nasdaq.

The connected fitness and equipment specialist – whose brands include Freemotion, NordicTrack and ProForm – has filed a registration statement with the US Securities and Exchange Commission.

The statement outlines plans for a proposed IPO of its common stock.

Morgan Stanley, BofA Securities, and Barclays Capital will act as lead book-running managers for the proposed offering.

iFIT completed a rebrand earlier this year, ditching its former name Icon Health & Fitness – under which it had traded since the company was founded in 1977.

The rebrand was part of a strategy to create an omnichannel fitness service around the iFIT platform, combining its club-based and at-home fitness equipment brands.

The subscription-based iFIT platform provides the content to all of the group's equipment brands and also features no-equipment, at-home digital workouts.

It currently has more than six million members in over 120 countries.

During the pandemic, as consumers moved to digital fitness services, the group ​​focused on making its iFIT platform central to all operations.

No date has yet been set for the IPO.
PRODUCT NEWS
GLL Better UK App passes 1 million downloads
GLL and its app partner Innovatise (myFitApp) have today announced the Better UK App has been downloaded over 1 million times since it was launched in November 2019.
Sporting heroes to officially open £22 million redevelopment at Everyone Active centre
A £22 million redevelopment project will be unveiled at Grange Paddocks Leisure Centre, as part of the official launch of the state-of-the-art centre.
FitnessOnDemand launches new live-streaming feature for all fitness clubs and their members
FitnessOnDemand (FOD) [IHRSA BOOTH 1509] the leader in on-demand content from the world’s most innovative fitness brands and celebrity trainers, this month introduces a new platform evolution for all club operators and their customers.
Founder of dynamic yoga platform launches cinematic wellbeing classes for luxury spas and hotels
Matt Miller, founder of leading yoga training platform Broga has announced the launch of Earth+Sky – a collection of cinematic virtual wellbeing classes filmed in breath-taking locations around the world.
Humanising the member app experience
FunXtion has upgraded its White Label Member App with a raft of new features to support its partners in scaling up and keeping up with rising member expectations.
Are traditional gyms going to war with smart gyms?
CEO of Orbit4, Daniel Jones, says: “There’s no reason traditional gyms and smart gyms can’t live in harmony. With a little reorganisation and education, there’s a really bright future for all gyms.”
Leon Rudge appointed as new Myzone global head of product
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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.
UK trust members smash ‘Road to Tokyo’ challenge
Members from UK leisure and cultural trusts have stepped up and logged an impressive 21.5million steps in a ‘Road to Tokyo’ challenge, as part of a free initiative from leisure & cultural marketing experts, Bigwave Marketing.
Active IQ Skills Hub helps fitness professionals boost skills in post-Covid market
Suffice to say that the pandemic has completely changed the way fitness professionals work and the way consumers work out – and therein lies opportunity.
Surge integrates Fisikal with HubSpot to drive business efficiencies and grow revenue
As Surge expands its offer with the launch of a third dedicated Electronic Muscle Stimulation (EMS) studio this summer – this time in Fleet Street, London – the brand reflects on the vital role of its estate wide digital ecosystem, created in partnership with Fisikal, designed to drive business efficiencies and commercial success.
+ More products   
 
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Life Fitness

The Life Fitness family of brands offers an unrivalled product portfolio, providing customers with a [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

Retrofit London works with Technogym to create premium member experience
Retrofit London creates personalised experience, premium service and sensational classes in partnership with Technogym Find out more...
+ More videos  

DIRECTORY
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31 Oct - 03 Nov 2021

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+ More diary  
 


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