New York Stock Exchange listing sees F45 valued at more than US$1.5 billion

July 16, 2021

Australian founded F45 Training has made a spectacular debut on the New York Stock Exchange with the company valued around $2 billion (US$1.46 billion) at the close of business.

Making its market debut yesterday (15th July) on the New York Stock Exchange (NYSE) under the ticker symbol FXLV, the initial public offering of 20.3 million shares was priced at $16 a share and after fluctuations closed at $16.20, a gain of 1.3% on the offer price.

Hollywood actor Mark Wahlberg, who invested in F45 in 2019, was on the NYSE floor as trading started, telling CNBC “the energy (at our gyms) is absolutely incredible.”

Wahlberg, known for his fitness regime, went on tell CNBC why he likes the company’s approach, adding “die-hard fitness enthusiasts who don’t have the schedule, got to do it in the middle of the night or first thing in the morning, don’t want to get on a bike. That’s fine. But eventually that becomes, stagnant and boring.

“You want to be in there with the energy of people working out with you, alongside you, inspiring you, pushing you and supporting you.”

Founded in Sydney 2013 in Australia, F45 Training offers functional 45-minute studio and home workouts for people across all fitness levels. It has new workouts each day, inspired by a database of over 3,900 high-intensity interval training exercises consisting of both cardio and resistance.

The company currently has 1,555 studios and 2,801 franchises across 63 countries, and aims to ultimately have more than 23,000 studios worldwide.

Wahlberg went on to tell Squawk Box “people at any level of fitness can come in and do the workout, and I had never seen that before.

“Somebody who’s clearly in the beginning of their fitness journey working out with somebody who is an elite athlete, and being able to do the same exercises, where they’re modified, never the same exercise twice. It’s absolutely fantastic.”

Image: Mark Wahlberg (left) and F45 Chief Executive, Adam Gilchrist at the New York Stock Exchange yesterday. Credit: Source: NYSE

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7th July 2021 - F45 Training moving towards New York Stock Exchange listing with potential US$1.5 billion valuation

2nd July 2021 - Xponential Fitness files with US authorities for initial public offering

21st December 2020 - F45 ends listing plans but keeps up legal action against competitor Body Fit Training

9th November 2020 - F45 recognised again for delivering highest level of customer satisfaction

9th October 2020 - Body Fit Training and F45 ramp up legal battle over patents

26th June 2020 - F45 reveals plans for listing on US NASDAQ exchange

11th June 2020 - F45 Training partners with Glofox for international franchisee expansion

1st June 2020 - F45 Studios in New Zealand anticipate member surge

30th January 2020 - MINDBODY and F45 Training finalise new global agreement

21st January 2020 - F45 looks at US stock market listing

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

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

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

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

24th May 2019 - Uncertainty surrounds closure of F45 Helensvale gym

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

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