F45 Training files for US IPO

F45 Training files for US IPO

An Australian group workout class franchise that attracted an investment from Hollywood star Mark Wahlberg is now one step closer to listing in the US. 

Anonymous sources close to F45 Training told Bloomberg the company had confidentially filed for an initial public offering that could take place as soon as the first half.

Founded in Paddington, Sydney in 2012 by CEO Rob Deutsch, Luke Istomin and Adam Gilchrist (not the former Test cricketer), F45 is one of the world's fastest-growing franchises now with 1,760 studios across 47 countries.

When Wahlberg came on board as an investor, the company was valued at $634 million.

The sources close to Bloomberg reportedly said a final decision was still yet to be made on the listing, and plans could change.

F45 Training workout merges three separate training styles - high-intensity interval training (HIIT), circuit training, and functional training - into one group experience for members. 

These workouts come in a wide variety of forms with F45 developing new programs through its athletics and peak performance department,

These unique 45-minute workout experiences are first trialled at three studios before introduction across a network of franchisee offices in Australia, the US, Canada, the UK, Germany and Brazil.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Four ways businesses can use artificial intelligence to triumph in 2022
Partner Content
The last two years have delivered major disruption to the technology industry and broad...
PROS
Advertisement

Related Stories

Moderna booster shot receives provisional approval from TGA

Moderna booster shot receives provisional approval from TGA

The Therapeutic Goods Administration (TGA) has today provisionally ...

Circular economy company Close The Loop buys seafood packaging business for $3.25 million

Circular economy company Close The Loop buys seafood packaging business for $3.25 million

Melbourne-based circular economy company Close The Loop (ASX: CLG) ...

Former CommBank subsidiary pleads guilty to charging 499 deceased members fees

Former CommBank subsidiary pleads guilty to charging 499 deceased members fees

Investment management firm Avanteos Investments has today pleaded g...

Australian drama productions hit record $1.9 billion expenditure

Australian drama productions hit record $1.9 billion expenditure

A new report released today by Screen Australia shows a record-brea...