Is F45 Going Public?

F45 Training began trading on the New York Stock Exchange under the symbol FXLV on July 15 , setting the pricing of its initial public offering at $16 per share, the company announced.

Is F45 publicly traded?

F45 Training is not currently publicly traded , but if its IPO goes ahead as planned, its shares will begin trading on the New York Stock Exchange under the symbol FXLV. F45 Training’s IPO update comes after it cancelled a SPAC deal with Crescent Acquisition, in June 2020.

Can I buy F45 stock?

With FXLV stock, you have two choices: you can sign up for Robinhood’s IPO Access program to purchase pre-IPO shares or you can buy FXLV at the open. For the latter, if you already know how to buy stocks, you can acquire F45 shares without the vagaries of the pre-IPO process.

Does Mark Wahlberg own F45 gyms?

While F45 Training started in Australia in 2013 and can now be found in 1,500 studios in 63 countries, the franchise is exploding in the United States (studio list here). Fitness enthusiast Mark Wahlberg invested in the company in 2019 and in August, David Beckham became a global partner.

When did F45 Training go public?

The shares began trading on the New York Stock Exchange on July 15, 2021 under the symbol “FXLV.” F45 received net proceeds from the offering of approximately $279.0 million, after deducting underwriting discounts and commissions. Goldman Sachs & Co.

Should you invest in F45?

F45 is the leanest, most cost-effective fitness franchise on the planet. With a breakeven of circa 60 members, F45 studios have proven to meet breakeven within 2 months and have a payback of less than 9 months. You simply will not find a better franchise to invest in.

Who owns the F45 franchise?

F45 boasts notable investors that are committed to growing the brand internationally and Mark Whalberg is actively helping grow the brand name in the United States. The F45 franchise has also reported that margins can be up to 30%, while the industry average in the fitness sector is 9.6%.

Why is F45 stock down?

F45 Training went public in July. Shares of F45 Training were falling sharply Friday after the gym franchiser posted weaker-than-expected earnings and revenue.

How much is a F45 franchise?

How Much is a F45 Franchise? The initial F45 Franchise Fee is $52,000 You have to pay this upfront fee when opening a F45 franchise. To be considered for a franchisee of an F45 franchise you need to have at least $120,000 in liquid assets.

Who is Rob Deutsch?

Founder and owner of the fastest-growing fitness destination in the world, F45 , Rob Deutsch is the innovative mastermind behind the brand’s incredible success. It seems that more and more fitness aficionados are signing up to the dynamic 45-minute signature workout.

Who is the face of F45?

Sitting down to talk all things fitness with Cory G , the face of F45.

Why did Rob Deutsch leave F45?

Mr Istomin left F45 in 2016 after what he said were “ creative differences ” and Mr Deutsch stepped down as chief executive last year when Mr Gilchrist took over to lead the fitness franchise to its Wall Street debut.

Is FXLV good stock?

Out of 8 analysts, 4 (50%) are recommending FXLV as a Strong Buy , 3 (37.5%) are recommending FXLV as a Buy, 1 (12.5%) are recommending FXLV as a Hold, 0 (0%) are recommending FXLV as a Sell, and 0 (0%) are recommending FXLV as a Strong Sell. What is FXLV’s earnings growth forecast for 2022-2023?.

How much stock does Mark Wahlberg own in F45?

Wahlberg, 50, who has also starred as a Navy SEAL in “Lone Survivor” and a foul-mouthed cop in “The Departed,” owns roughly 26% of the membership interest in MWIG, which now controls a stake in F45 worth more than $400 million “I’m a fitness fanatic,” Wahlberg previously told Bloomberg.

How much is the owner of F45 worth?

Prior to the gym franchise’s debut on the NYSE, pre-IPO filings indicated Gilchrist and his co-founder both earned US$45 million when Mark Wahlberg’s investment vehicle bought into F45 circa 2019. Adam Gilchrist now has an estimated net worth exceeding $600 million , according to the AFR.