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Les Mills International
Les Mills International
Les Mills International
FIT TECH News

iFIT confirms plans for IPO

By
iFIT Health & Fitness has confirmed plans to go public
The connected fitness and equipment giant will list on the Nasdaq stock exchange
Morgan Stanley, BofA Securities and Barclays Capital will handle the float
iFIT completed a rebrand earlier this year, ditching its former name Icon Health & 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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Uptivo is an all-in-one digital solution for fitness clubs, fitness boutique studios and personal trainers that provides powerful tools to schedule activities, manage member payments, and monitor heart rate both for remote and on-site classes.
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MyZone: Wearable technology solutions
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FIT TECH News

iFIT confirms plans for IPO

By
iFIT Health & Fitness has confirmed plans to go public
The connected fitness and equipment giant will list on the Nasdaq stock exchange
Morgan Stanley, BofA Securities and Barclays Capital will handle the float
iFIT completed a rebrand earlier this year, ditching its former name Icon Health & 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.

Sign up here to get Fit Tech's weekly ezine and every issue of Fit Tech magazine free on digital.
More fit tech news
EGYM has completed a US$41m Series E financing round led by Mayfair Equity Partners, a leading tech and consumer growth ...
In a major move against the gym market, Apple has revealed a number of upgrades to its Fitness+ platform, coinciding ...
Physical activity professionals in England will soon be able to access free, one-to-one learning with Google to get their digital ...
Fitness equipment giant Nautilus has acquired VAY, a firm specialising in AI and motion technology. Based in Switzerland, VAY’s proprietary ...
Hyperice is using its recent acquisition of mental wellness company Core to create a new brand identity that will position ...
Les Mills' popular portfolio of workouts will be made available on the Fitbit Premium platform, following the signing of a ...
Whoop has raised US$200m in a Series F funding round, resulting in the tech start-up being valued at US$3.6bn. The ...
Intelivideo has signed a partnership deal with software specialist ABC Fitness Solutions, which will expand the reach of Intelivideo's digital ...
Shares in Peloton have fallen after the company revealed fourth-quarter losses. It also said that tactical changes to the business ...
Wellness specialist Delos has launched a new mindfulness app which utilises the innate human instinct to connect with nature and ...
EXCLUSIVE Fitness marketplace Hussle has signed a partnership deal with McDonald's, which will see it offer a fitness-based prize as ...
Sport and fitness tech firm, BlazePod, is expanding its US operations with the opening of its first US office in ...
Boutique chain Barry's has entered the digital fitness market with Barry's X, offering community-driven workouts. Barry's X features both live ...
In what is believed to be the first-of-its-kind deal in the fitness industry, boutique chain TRIB3 has sold a franchise ...
myFitApp has launched a new chat function to its streamed fitness content, making it easier to create workout communities online. ...
Garmin has recorded quarterly revenues of more than US$1bn for the first time – helped by a 40 per cent ...
TRX has launched a redeveloped version of its TRX Core digital platform, designed to help fitness professionals and personal trainers ...
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More fit tech news
Les Mills International
Les Mills International