Mark Wahlberg-backed fitness chain F45 targets over $1.5B value in IPO
NY Post
Mark Wahlberg-backed fitness chain F45 Training Holdings is eyeing a valuation of more than $1.5 billion in an initial public offering, months after terminating its merger with a blank-check company.
The Austin, Texas-based company was founded in 2013 in Australia and now has more than 1,500 studios, with about 2,800 franchises in 63 countries. F45 said on Wednesday it was aiming to sell about 20.3 million shares priced between $15 and $17 apiece to raise up to $345 million. About 1.6 million shares in the IPO are being offered by the selling stockholder, the proceeds of which would not go to the company.More Related News