Planet Fitness IPO News Roundup
Posted: June 23, 2015 in Chains
NEWINGTON, N.H. – The Newington, New Hampshire-based company that coined the term, the “Judgement Free Zone,” Planet Fitness, has filed for an IPO. Being among several fitness-based companies to do so this year, it has caused a flurry of activity and speculation in the markets and media covering the story. Here’s a roundup of some of those stories:
Wall Street Journal:
Planet Fitness Inc. filed plans for an initial public offering of as much as $100 million to raise funds for recapitalization transactions.
The filing with the U.S. Securities and Exchange Commission didn’t provide details about the size or pricing of the stock sale, with the figure provided representing an estimate for the calculation of a registration fee, which could be subject to change.
The New York Times:
Planet Fitness began a sprint toward the stock markets on Monday, filing for an initial public offering roughly two years after allying itself with a private equity firm.
With its filing, Planet Fitness, a low-cost gym chain, aims to become a publicly traded company in two months or so.
Bloomberg Business:
Planet Fitness Inc., the $10-per-month gym chain, filed for an initial public offering in the U.S.
The Newington, New Hampshire-based company’s prospectus shows an offering size of $100 million, a placeholder amount used to calculate fees that will probably change. The company, backed by TSG Consumer Partners, will not receive any proceeds from the IPO.
Planet Fitness Form S-1:
Filed with the United States Securities and Exchange Commission
