• Loading stock data...
Thursday, October 30, 2025
Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here

F45 Training Trades Flat After $325M IPO

  • F45 Training experienced a flat trading debut following a $325 million initial public offering.
  • The operator of fitness centers is backed by actor Mark Wahlberg.
Greg Lovett-USA TODAY Network/Design: Alex Brooks

F45 Training, a Mark Wahlberg-backed operator of fitness classes, had an uneventful market debut after a $325 million initial public offering. 

The company sold more than 20 million shares at $16 apiece in the offering. 

The shares opened at $17 on Thursday but closed at a modest $16.20, dipping further to $16.10 at close Friday. The numbers are still enough to give F45 a market value of $1.46 billion and provide Wahlberg with at least a 200% return on his investment within three years.

Wahlberg invested in F45 in 2019 through MWIG LLC, a private investment company that he partially owns. At the time, F45 was valued at roughly $450 million.

It’s been a long process for F45 to go public. 

  • The fitness company was seeking an IPO before the global pandemic, but put its plans on hold. 
  • The delay was compounded by a merger with Crescent Acquisition, a blank-check company, that dissolved in October.

For the first three months of 2021, F45 reported $37 million in revenue with a net loss of $18 million, according to filings. 

Last week, SmartFit, one of Latin America’s biggest gym chains, announced plans to raise $445 million in an IPO.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 27, 2025; Los Angeles, California, USA; Toronto Blue Jays catcher Tyler Heineman (55) is safe at third base after the play is reviewed against Los Angeles Dodgers third baseman Max Muncy (13) in the twelfth inning during game three of the 2025 MLB World Series at Dodger Stadium.

18-Inning World Series Game 3 Draws 17.6M Viewers in U.S. and Canada

Canadian viewership of the World Series remains solid despite an 18-inning Game 3.
Oct 25, 2025; Martinsville, Virginia, USA; NASCAR Cup Series driver Kyle Busch (8) before NASCAR Cup Series Xfinity 500 Practice and Qualifying at Martinsville Speedway.

NASCAR Star Kyle Busch Sues Pacific Life Over $8.5M Insurance Scam

Busch says he lost $8.58 million from Pacific Life.

Featured Today

September 21, 2025; Santa Clara, California, USA; NFL commissioner Roger Goodell before the game between the San Francisco 49ers and the Arizona Cardinals at Levi's Stadium

NFL Fall Meeting: 7 Big Topics Among Team Owners 

Media, facilities, and labor highlight some of the key areas of concern.
Ohio State Buckeyes running back Isaiah West (32) runs the ball in the second half at Camp Randall Stadium on Saturday, Oct. 18, 2025 in Madison, Wisconsin
October 25, 2025

NIL Has Birthed a Third-Party Cottage Industry—and It’s a Mess

There’s no limit to how much players can make from NIL deals.
Christie's
October 21, 2025

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.
Sponsored

Trailblazer Cal Calamia Is Racing for ‘Advocacy, Storytelling, and Performance’

The marathoner wants excellence—not just inclusion—to be the goal for non-binary athletes.
Sponsored

‘Run With the Competition’: Ultra Trail Runner Lotti Brinks Is Back With..

Ultrarunner Lotti Brinks is ready to make her first Courmayeur-Champex-Chamonix podium in her HOKA Mafate 5s.
Sponsored

Top Esports Athletes Will Compete for National Glory in the Esports Nations..

The new biennial event, starting in 2026, kicks off a monumental next era for esports.
Sponsored

Why Alexis Ohanian Is Betting Big on Women’s Sports

Alexis Ohanian reflects on his evolution from Reddit cofounder to one of today’s most dynamic sports investors.
Sponsored

Win. Advance. Repeat: The Professional Fighters League’s Rise to Prominence 

As of 2025, PFL has introduced a World Tournament format, where every fighter must battle through a high-stakes bracket to reach a championship.
The 2018 Ragin' Crossfit Games are held at Blackham Coliseum in Lafayette.
March 14, 2025

CrossFit for Sale After Years of Drama and Attrition

The intense fitness workout got popular in the early 2000s.
Sponsored

How On Location is Redefining the Olympic Winter Games Hospitality Experience

As the Olympic Winter Games Milano Cortina 2026 approaches, On Location—the Official Hospitality Provider—is redefining luxury hospitality.
Sponsored

How On Location is Redefining the Olympic Winter Games Hospitality Experience

As the Olympic Winter Games Milano Cortina 2026 approaches, On Location—the Official Hospitality Provider—is redefining luxury hospitality.