F45 Training files for US IPO
17 January 2020, Written by Business News Australia
An Australian group workout class franchise that attracted an investment from Hollywood star Mark Wahlberg is now one step closer to listing in the US.
Anonymous sources close to F45 Training told Bloomberg the company had confidentially filed for an initial public offering that could take place as soon as the first half.
Founded in Paddington, Sydney in 2012 by CEO Rob Deutsch, Luke Istomin and Adam Gilchrist (not the former Test cricketer), F45 is one of the world's fastest-growing franchises now with 1,760 studios across 47 countries.
When Wahlberg came on board as an investor, the company was valued at $634 million.
The sources close to Bloomberg reportedly said a final decision was still yet to be made on the listing, and plans could change.
F45 Training workout merges three separate training styles - high-intensity interval training (HIIT), circuit training, and functional training - into one group experience for members.
These workouts come in a wide variety of forms with F45 developing new programs through its athletics and peak performance department,
These unique 45-minute workout experiences are first trialled at three studios before introduction across a network of franchisee offices in Australia, the US, Canada, the UK, Germany and Brazil.Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.
Business News Australia
Author: Business News Australia