Xponential Fitness Prices Downsized IPO Below Expected Range

  • Xponential Fitness Inc XPOF, a fitness franchiser, has announced the pricing of its initial public offering (IPO) of 10 million shares at $12 per ordinary share.
  • It had earlier expected to sell 13.3 million shares at $14 to $16 per share.
  • The underwriters of the offering have a 30-day option to purchase up to an additional 1.5 million ordinary shares.
  • The company's shares will begin trading today on the New York Stock Exchange under the ticker symbol XPOF.
  • It expects the offering to close on July 27, 2021.
Posted In: NewsIPOsBriefs