Business

Fitness company Life Time to go public again

Life Time Group Holdings Inc., an operator of health facilities in america and Canada that has expanded since going non-public in 2015, filed for an preliminary public providing Monday.

The Minnesota-based firm didn’t specify how a lot it plans to boost in its IPO. It sold for more than $4 billion when it went non-public.

Life Time, which was based in 1992, stated in its submitting with the Securities and Trade Fee that as of Aug. 31, all 155 of its health facilities are open, after closing in March 2020 due to the COVID-19 pandemic. The corporate, which stated it has 1.4 million members, additionally intends to open new facilities this yr and past.

Life Time posted $30 million in internet revenue on $1.9 billion in income in 2019, in response to its submitting. In 2020, it had a $360 million internet loss on income of $900 million, and as of June 30, the corporate’s 2021 internet loss was $229 million on income of $600 million.

The corporate expects to record on the New York Inventory Trade beneath the ticker LTH. The IPO will probably be led by Goldman Sachs, Morgan Stanley and Financial institution of America Securities, three of 13 underwriters listed within the prospectus.

https://www.marketwatch.com/story/fitness-company-life-time-to-go-public-again-11631570648?rss=1&siteid=rss | Health firm Life Time to go public once more

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