iFIT confirms plans for IPO – plans to float on Nasdaq
iFIT Health & Fitness has confirmed plans to go public and list the business on the Nasdaq.
The connected fitness and equipment specialist – whose brands include Freemotion, NordicTrack and ProForm – has filed a registration statement with the US Securities and Exchange Commission.
The statement outlines plans for a proposed IPO of its common stock.
Morgan Stanley, BofA Securities, and Barclays Capital will act as lead book-running managers for the proposed offering.
iFIT completed a rebrand earlier this year, ditching its former name Icon Health & Fitness – under which it had traded since the company was founded in 1977.
The rebrand was part of a strategy to create an omnichannel fitness service around the iFIT platform, combining its club-based and at-home fitness equipment brands.
The subscription-based iFIT platform provides the content to all of the group's equipment brands and also features no-equipment, at-home digital workouts.
It currently has more than six million members in over 120 countries.
During the pandemic, as consumers moved to digital fitness services, the group focused on making its iFIT platform central to all operations.
No date has yet been set for the IPO.
Fitness Instructor
Duty Manager
Swim Teacher
Team Leader
Duty/Operations Manager
Swimming Teacher (Saturdays)
Recreation Assistant
Commercial Fitness Manager
Exercise Referral Co-ordinator
Sport Centre Team Leader
Team Leader BSV
Lifeguard/Recreation Assistant
Casual Swim Teacher
Team Leader
Lifeguard/Recreation Assistant
Leisure Centre Deputy Manager
Duty Manager
Duty Manager Golf and Athletics
Centre Manager (Leisure)
Fitness Motivator
Recreation Assistant/Lifeguard (NPLQ required)
Swimming Teacher
Swimming Teacher
Company profile
Featured Supplier
Property & Tenders
Company: Knight Frank
Company: Belvoir Castle
Company: AVISON YOUNG
Company: London Borough of Bexley
Company: Forestry England