Life Time Group Holdings, Inc.

General Information
Business:

(Note: Life Time Group Holdings, Inc., sharply downsized its IPO at pricing on Oct. 6, 2021, to 39 million shares, down from 46.2 million shares, and priced the deal at $18 – the bottom of its $18-to-$21 price range – to raise $702 million. The IPO’s proceeds are far short of the projected proceeds of $900.9 million, under the terms filed in the IPO’s prospectus.)

Life Time, the “Healthy Way of Life Company,” is a leading lifestyle brand offering premium health, fitness and wellness experiences to a community of nearly 1.4 million individual members, who together comprise more than 767,000 memberships, as of July 31, 2021. Since our founding nearly 30 years ago, we have sought to continuously innovate ways for our members to lead healthy and happy lives by offering them the best places, programs and performers. We deliver high-quality experiences through our omni-channel physical and digital ecosystem that includes more than 150 centers—distinctive, resort-like athletic destinations—across 29 states in the United States and one province in Canada.

Our track record of providing differentiated experiences to our members has fueled our strong, long-term financial performance. In 2019, prior to the COVID-19 pandemic, we generated $1.9 billion of revenue, $30 million in net income and $438 million in Adjusted EBITDA. In 2020, which was impacted by the COVID-19 pandemic, we generated $0.9 billion of revenue, $360 million in net loss and $(63) million in Adjusted EBITDA, and in the six months ended June 30, 2021, we generated $0.6 billion of revenue, $229 million in net loss and $(15) million in Adjusted EBITDA.

**Note: In the chart below, the revenue and the net loss figures are for the full year that ended on Dec. 31, 2020.

 

Industry: Services - Membership Sports & Recreation Clubs
Employees: 30000
Founded: 1992
Contact Information
Address 2902 Corporate Place Chanhassen, Minnesota 55317
Phone Number 952-947-0000
Web Address http://www.lifetime.life/
View Prospectus: Life Time Group Holdings, Inc.
Financial Information
Market Cap $3863.34mil
Revenues $900.0 mil (last 12 months)
Net Income $-360.0 mil (last 12 months)
IPO Profile
Symbol LTH
Exchange NYSE
Shares (millions): 39.0
Price range $18.00 - $18.00
Est. $ Volume $702.0 mil
Manager / Joint Managers Goldman Sachs/Morgan Stanley/BofA Securities/Deutsche Bank Securities/J.P. Morgan/Wells Fargo Securities/BMO Capital Markets /Mizuho Securities /RBC Capital Markets
CO-Managers Guggenheim Securities/Oppenheimer & Co./BTIG/TPG Capital BD/AmeriVet Securities/Blaylock Van/Siebert Williams Shank
Expected To Trade: 10/7/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change