Fitness Champs Holdings Ltd. (FCHL) of Singapore priced its small IPO at $4.00 – the low end of its $4.00-to-$5.00 range – and raised $15 million by selling 3.75 million shares – the number in the prospectus – on Wednesday night, Sept. 3, 2025. Fitness Champs’ stock ended its first day of NASDAQ trading at $4.25 – up 25 cents from its IPO price – on Thursday, Sept. 4, 2025. The stock had slipped 10 cents to $3.90 on its opening trade.
Bancroft Capital, a firm owned by disabled U.S. military veterans, served as the sole underwriter.
Fitness Champs Holdings Ltd. said in the prospectus that it is one of Singapore’s leading providers of sports education. The company’s SwimSafer Program had about 30 percent of market share in 2023, according to the prospectus.
“We are one of the few swim education providers in Singapore that provides services to students under training programs funded by the Singapore government and (through) customized private swimming training services,” the prospectus said.
The company is profitable, according to the prospectus.