Latest News

Back to Latest News back

 

F45 looks at US stock market listing

F45 looks at US stock market listing
January 21, 2020

Fitness franchise F45 Training is reportedly moving towards a multi-million dollar listing in the USA.

First reported by business news service Bloomberg last week, the proposed F45 float follows Hollywood actor Mark Wahlberg having last year taken a minority stake in the Australian-created functional fitness franchise.

According to reports, F45 filed confidentially for an initial public offer in the USA, with the potential listing indicative of investor interest in leading fitness businesses.

Locally, Viva Leisure has been a strong performer since listing on the Australian Securities Exchange (ASX) in June, while financial media have repeatedly suggested that Quadrant Private Equity is looking to list its Fitness & Lifestyle Group.

Bloomberg reported that F45, which last March was valued at US$600 million is reportedly aiming to have the IPO come as soon as the first half of the year.

However, Bloomberg also revealed that co-founder Adam Gilchrist had declined to comment on any IPO plans. Instead, he suggested that the company was “continuously exploring ways to help franchisees accelerate same-store sales growth”.

The proposed F45 float is a significant boost to the Sydney-born operation. Since launching in 2012, the franchise has swelled to become one of the fastest-growing franchises worldwide.

Gilchrist, along with co-founder Rob Deutsch relocated the headquarters to Los Angeles in 2017, targeting the US as a major growth region.

A new IPO listing would certainly bolster those plans, however sources close to Bloomberg reportedly said a final decision was still yet to be made, and plans could change.

The chain currently operates more than 1700 outlets across over 40 countries worldwide.

Related Articles

29th December 2019 - Anytime Fitness looks to drive future growth outside of clubs’ ‘four walls’

17th December 2019 - F45 Training takes legal action against Body Fit Training over alleged patent infringement

17th December 2019 - Further growth for Viva Leisure with enhanced keyless club entry and launch of dedicated DAB+ radio station

2nd December 2019 - Viva Leisure looks to raise new capital as it announces acquisition of 13 Fit n Fast clubs

28th October 2019 - F45 Jimboomba helps members reach goals with EVOLT 360 technology

28th August 2019 - Viva Leisure 2018/19 financial results exceed prospectus forecasts

27th June 2019 - Owner looks for $1 billion plus sale of Fitness and Lifestyle Group

5th July 2019 - F45 to open studios in Afghanistan and Iraq

7th June 2019 - F45 Training takes on direct operations of Gold Coast facility

6th June 2019 - F45 tops Canstar Blue gym ratings for a second year

21st March 2019 - Hollywood actor Chris Hemsworth takes up Fitness and Lifestyle Group stake

19th March 2019 - Hollywood star Mark Wahlberg buys stake in F45 fitness franchise

29th January 2019 - Report suggests Fitness and Lifestyle Group buys CMG Asia for $200 million

8th November 2018 - F45 launches new model for youth and over sixties

21st August 2018 - F45 opens London base to drive European expansion

5th April 2018 - Survey identifies F45 as providing highest level of customer satisfaction among Australian gyms


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

PathMinder

PathMinder Pty Ltd have partnered with AllUser Industries srl to bring Europe’s most advanced high security portals to the Australian and New Zealand markets. AllUser Industries started to…

read more

Access / Fitness / Recreation / Security

 
 

Aflex Inflatables

Aflex Inflatables are the leaders for obstacle courses, pool toys, waterparks and land-based watersides and fitness runs. They are industry leaders offering the widest range of pool, lake and beach…

read more

Aquatics / Play / Waterparks

 
 

AUSFIT

Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…

read more

Billing / Finance / Fitness / Technology

 
 

SportEng

SPORTENG specialises in the Planning, Design and Construction inspection of Fields of Play for all sports. Blending engineering with the specialist knowledge gained from working closely with sport…

read more

Consultants / Recreation / Sport / Surfaces / Venues

 
 

Envibe

With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…

read more

Aquatics / Fitness / Recreation / Technology

 
 

State Wide Pool Services

Known as Hydrilla since September 2020 - see www.ausleisure.com.au/suppliers/hydrilla-pty-ltd

read more

Aquatics

 
 

Jonas Leisure

JonasLeisure offers a complete range of leading leisure and recreation software brands – envibe, Centaman, Gladstone Health & Leisure, The Retention People, Nutrition Complete and…

read more

Aquatics / Billing / Fitness / Recreation / Sport

 
 

The P.A. People

The P.A. People is a specialist integrator and contractor in sound reinforcement, audio visual systems, performance lighting and production communications. Over its almost 50 year history the company…

read more

Entertainment / Events / Sport / Technology / Venues

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business