• Loading stock data...
Tuesday, March 19, 2024
2024 Best Venues nominations are open now through April 8! Submit Now

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

exclusive

New In-Season Men’s College Basketball Tournament to Offer $2M in NIL Deals

The eight-team event—expanding to 16 teams in 2025—will pay out $1M to each team, and another million to the winner.

Tommy Tuberville: Dartmouth Basketball Union ‘Will Absolutely Kill College Sports’

The U.S. senator and former college football coach let it rip on Fox News.
Sponsored

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
Sponsored

Live Sports Are Now High-Tech Experiences

Oracle is leading the technology revolution happening in stadiums across the world.
podcast thumbnail mobile
Front Office Sports Today

The Leak That Changed Selection Sunday

0:00
0:00

Featured Today

‘Everybody Was Under Suspicion’: The Day Selection Sunday Was Scooped

In 2016, the ‘Selection Show’ backfired when the bracket was leaked anonymously.
Sep 3, 2023; Seattle, Washington, USA; Orlando Pride forward Ally Watt (11) and Orlando Pride forward Julie Doyle (20) enter the stadium before the game against OL Reign at Lumen Field.
March 16, 2024

So Long, White Shorts: Here’s Why the NWSL’s Uniform Pivot Matters

There’s finally a growing trend to adapt women’s sports to women’s bodies.
exclusive
March 11, 2024

WWE Prez Nick Khan, COO Brad Blum Revealed As Key Figures in Vince McMahon Sex-Trafficking Suit

The two men are described in the suit as facilitating and covering up exploitation.
March 10, 2024

For the ‘Spulu’ Super-Streamer: Lots of Questions, No Good Answers

Big partners, bigger promises, and an unclear operation.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Spotify
Multiple - USA Careers
Nike
Multiple - USA Careers
EA
Multiple - USA Careers

Peloton To Bring Live Sports To Its Fitness Devices

NBA League Pass will be available to watch on Peloton devices.
Nike's group fitness studios follow its Netflix workout streaming deal.
August 3, 2023

Nike Leans Into In-Person Fitness As Lululemon Cuts Back

With fitness classes already on Netflix, Nike now plans in-person studios.
August 10, 2023

Alternative Golf Venues Thriving ‘Off-Course’ By Attracting Younger Players

In 2022, 15.5 million people participated in off-course golf activities. 
Sponsored

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
UBS estimates that pickleball injuries have cost Americans $377 million this year.
June 27, 2023

Pickleball Injuries Could Cost U.S. Nearly $400 Million Per Year

UBS estimates that pickleball injuries have cost Americans $377 million this year.
Harry Kane joins Dak Prescott and Dustin Johnson as investors in OxeFit.
June 1, 2023

Harry Kane Invests in OxeFit, Fitness Startup Reaches $45 Million in Funding

Harry Kane joins Dak Prescott and Dustin Johnson as investors in OxeFit.
The huupe "smart" basketball hoop in a gym.
May 23, 2023

Can Basketball Hoops Become Part of the Smart Gym Ecosystem?

Huupe is selling its product to professional and college basketball teams.
Peloton is recalling 2.2. million bikes.
May 11, 2023

Peloton Recalls 2.2 Million Bikes Following Injuries

Peloton is recalling 2.2. million bikes.