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Xponential Fitness Files for IPO, Seeks $1.3B Valuation

  • Xponential Fitness Inc. filed for an initial public offering.
  • The franchisor of boutique fitness brands is seeking a valuation of about $1.3 billion.
Club Pilates/Design: Alex Brooks

Xponential Fitness filed for an initial public offering on Friday after a year-long delay caused by the pandemic, per Bloomberg.

The company is seeking a valuation of about $1.3 billion.

Bank of America, Morgan Stanley, and Jefferies Financial Group will lead the $100 million offering. A $200 million private placement is also set to take place. 

Founded in 2017, Xponential owns a total of eight brands including Pure Barre, CycleBar, StretchLab, and YogaSix.

The company is wasting little time establishing its footprint in a dynamic fitness industry. 

  • It acquired boutique boxing workout brand Rumble in March in a deal valued at as much as $300 million.
  • In the last year, Xponential has opened 35 new StretchLab locations in the U.S.

Xponential generated $29 million in revenue in Q1 2021 but suffered a net loss of $4.8 million, compared to $32 million in revenue and a loss of $1.9 million for the same period a year prior.

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