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Home News

Life Time Reenters The U.S. Stock Market

Aayat AlibyAayat Ali
October 7, 2021
in News
Reading Time: 1 min read
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Life Time Reenters The US Stock Market

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Fitness club and coworking operator Life Time Group Holdings is reentering the U.S. stock market as a public company after going private years ago.

This week, the company raised $702 million for its initial public offering, pricing each share at $18.

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However, Life Time also cut the number of shares in its IPO from 46.2 million to 39 million. Additionally, it is reported that Life Time is valued at $3.6 billion, which is down from the $4 billion the company was valued at when it was taken private in 2015.

Since going private, Life Time has grown its revenue throughout the years, but experienced a dip due to the pandemic. In fact during the first six months of 2021, the firm lost $229 million of $572 million in revenue.

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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