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05 Agos 2015 - 18:27:17

Planet Fitness IPO Strengthens Muscle, Without Grunts - Investor's Business Daily

It provides more than 7.1 million members as regarding March 31.



"Planet Fitness is actually tapping into a rising tide of interest inside little facility fitness centers," stated Bruce Cohen, senior partner leading the actual store private equity along with strategy practice with Kurt Salmon, any global management and also strategy consulting firm.

Founded inside 1992 and located in New Hampshire, Planet Fitness features almost tripled its fitness middle store count to end up being able to 1,014, through 389 throughout December 2010. The Particular majority regarding its centers are generally franchise operations.

"Planet Fitness is absolutely great from lowering the barriers for folks http://maxmusclevenice.com who're considering fitness but don't want to be intimidated simply by getting in a large gym."

THE BUZZ

The U.S. As Well As amazing . coming. Fitbit stock priced with 20 and also jumped 48% about its June 18 trading debut. Originally set to always be able to raise $448 million, the particular upsized IPO cashed in with $732 million. Mindbody, which raised $101 million, priced in 14 and also now trades close to 10. That presently trades close to 49.

The company says it's among the particular largest and also fastest-growing franchisers along with operators involving fitness centers inside the U.S. Indoor cycling chain SoulCycle lately filed for you to raise $100 million.

THE COMPANY

Planet Fitness itself is within excellent shape, having an initial public offering set to start with trading Thursday.

As your U.S. research firm IPOboutique.com reports that the offer is well-oversubscribed along with rapidly building.. population is constantly in the give focus to health insurance wellness, Planet Fitness says it's well-positioned in order to capture the disproportionate discuss of the market, given its appeal in order to first-time along with occasional gym users.

And it's seriously interested in getting pleasant for you to casual or perhaps first-time fitness people.

Its typical shop is actually 20,000 sq ft with a huge collection of purple as well as yellow Planet Fitness-branded cardio-, circuit- along with weight-training equipment.

Being chubby and from shape can be fine with Planet Fitness (NYSE:PLNT), that features a come-as-you-are approach in order to its workout centers.

It follows the blockbuster IPO involving Fitbit (NYSE:FIT), the maker of wearable physical fitness trackers. An Additional latest IPO on this area had been Mindbody (NASDAQ:MB), provider of your cloud-based platform with regard to health and wellness services. through members and also locations, using a very recognized national brand. well being club industry generated revenue regarding about $24.2 billion throughout 2014, according towards the International Health, Racquet & Sportsclub Association, as shown in the Planet Fitness prospectus.

Planet Fitness looks in order to raise $203 million, providing 13.5 million shares at a price array of 14 to 16


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