Xponential Fitness, Inc.
Xponential Fitness is a curator of leading boutique fitness brands across multiple verticals. Our mission is to make highly specialized workouts in motivating, community-based environments accessible to everyone. We are the largest boutique fitness franchisor in the United States with over 1,750 studios operating across nine distinct brands. Our diversified portfolio of brands spans a variety of fitness and wellness verticals, including Pilates, barre, cycling, stretch, rowing, yoga, boxing, dance and running. Its brands include Club Pilates and Yoga Six.
By leveraging our network of over 1,400 franchisees, we are able to capitalize on popular and proven fitness modalities to rapidly and efficiently expand boutique fitness experiences globally. Collectively, our brands offer consumers engaging experiences that appeal to a broad range of ages, fitness levels and demographics. Across our system, over 850,000 unique consumers completed nearly 20 million in-studio, live stream and virtual workouts in 2020.
(Note: Xponential Fitness downsized its IPO at pricing on July 22, 2021, to 10 million shares at $12 – down from 13.3 million shares at $14 to $16 in the prospectus – to raise $120 million.)
(Note: On its first day of trading on July 23, 2021, Xponential Fitness opened at $11.20, hit an intraday high of $12.91, and closed at $12.25.)
|Industry:||Services - Miscellaneous Amusement & Recreation|
|Address||17877 Von Karman Ave, Suite 100 Irvine, CA, 92614|
|Phone Number||(949) 346-3000|
|View Prospectus:||Xponential Fitness, Inc.|
|Revenues||$103.87 mil (last 12 months)|
|Net Income||$-16.44 mil (last 12 months)|
|Price range||$12.00 - $12.00|
|Est. $ Volume||$120.0 mil|
|Manager / Joint Managers||BofA Securities/ Jefferies/ Morgan Stanley|
|CO-Managers||Guggenheim Securities/ Citigroup/ Piper Sandler/ Baird/ Raymond James|
|Expected To Trade:||7/23/2021|
|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|