iFIT Health & Fitness Inc.
(Note: iFIT Health & Fitness, Inc., announced early on Oct. 7, 2021, that it had postponed its IPO “due to adverse market conditions.” The IPO’s pricing was delayed for a second night – on Oct. 6, 2021. iFIT Health & Fitness was initially scheduled to price its IPO on Oct. 5, 2021.)
We are a health and fitness subscription technology company, fueled by our passion to innovate, grow and provide meaningful solutions for our members. iFIT is an integrated health and fitness platform, designed to connect our proprietary software, experiential content and interactive hardware to deliver an unmatched connected fitness experience.
We are a growing community of over 6.1 million Total Members and 1.5 million Total Fitness Subscribers with members in over 120 countries. We deliver our patented interactive experiences on the industry’s broadest range of fitness modalities, including treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment and accessories.
Driven by the adoption of our iFIT platform, we are the No. 1 provider of large fitness equipment in the United States. In fiscal 2021, we sold approximately 10.1 million Interactive Fitness Products with a Gross Merchandise Value of $2.8 billion. Our brands, including iFIT, NordicTrack, ProForm and Freemotion, are leaders in the fitness equipment industry.
Our iFIT operating system provides interactive experiences on all of our connected equipment brands, allowing members to gain access to our full library of iFIT live and on-demand content for $15/month for individuals or $39/month for families of up to five (or $396 when paid annually). We believe the combination of our proprietary software and experiential content connected with our interactive hardware creates a compelling value proposition for our rapidly growing member base and generates attractive recurring subscription revenue.
(Note: Revenue and net loss figures are for Fiscal Year 2021, which ended May 31, 2021.)
|Industry:||Electronic & Other Electrical Equipment (No Computer Equipment)|
|Address||1500 South 1000 West Logan, Utah 84321|
|Phone Number||(435) 786-5000|
|View Prospectus:||iFIT Health & Fitness Inc.|
|Revenues||$1745.06 mil (last 12 months)|
|Net Income||$-516.7 mil (last 12 months)|
|Price range||$18.00 - $21.00|
|Est. $ Volume||$600.0 mil|
|Manager / Joint Managers||Morgan Stanley/BofA Securities/Barclays/Citigroup/Credit Suisse/Jefferies/Baird|
|CO-Managers||Cowen/JMP Securities/Raymond James/Truist Securities/William Blair/Telsey Advisory Group|
|Expected To Trade:||10/6/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|