{"id":794,"date":"2015-07-28T03:00:37","date_gmt":"2015-07-28T08:00:37","guid":{"rendered":"http:\/\/www.clubinsideronline.com\/news\/?p=794"},"modified":"2015-07-28T22:02:39","modified_gmt":"2015-07-29T03:02:39","slug":"planet-fitness-to-raise-216-million-with-initial-public-offering","status":"publish","type":"post","link":"http:\/\/www.clubinsideronline.com\/news\/chains\/planet-fitness-to-raise-216-million-with-initial-public-offering\/","title":{"rendered":"Planet Fitness To Raise $216 Million With Initial Public Offering"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" src=\"http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Planet-Fitness-300x358.jpg\" alt=\"Planet Fitness\" width=\"300\" height=\"358\" class=\"alignnone size-medium wp-image-150\" srcset=\"http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Planet-Fitness-300x358.jpg 300w, http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Planet-Fitness-200x238.jpg 200w, http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Planet-Fitness-800x954.jpg 800w, http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Planet-Fitness.jpg 839w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Planet Fitness<\/p>\n<p><strong>NEWINGTON, N.H.<\/strong> &#8211; Planet Fitness has begun its initial public offering. The Newington, New Hampshire-based workout center chain announced 13,500,000 shares of its Class A common stock Monday. The company says underwriters will have a 30-day option to buy up to an additional 2,025,000 shares. The price range for the IPO is estimated to be between $14 and $16 per share, which would raise $216 million.<\/p>\n<p>As it prepared to go public, Planet Fitness sought a change in state tax laws that would have kept it from paying higher business profits taxes. Lawmakers broadened a bill that would have businesses avoid paying higher taxes on certain gains in value. Gov. Maggie Hassan vetoed it, saying she&#8217;d consider the proposal as part of budget negotiations.<\/p>\n<p>A Planet Fitness spokeswoman recently said the company would like to stay in New Hampshire but is continuing to explore its options.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>NEWINGTON, N.H.<\/strong> &#8211; Planet Fitness has begun its initial public offering. The Newington, New Hampshire-based workout center chain announced 13,500,000 shares of its Class A common stock Monday. The company says underwriters will have a 30-day option to buy up to an additional 2,025,000 shares. The price range for the IPO is estimated to be between $14 and $16 per share, which would raise $216 million.<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[126,25],"_links":{"self":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/794"}],"collection":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/comments?post=794"}],"version-history":[{"count":1,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/794\/revisions"}],"predecessor-version":[{"id":795,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/794\/revisions\/795"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media\/150"}],"wp:attachment":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media?parent=794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/categories?post=794"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/tags?post=794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}