Town Sports International, the third largest fitness club operator in the United States with 145 clubs, priced 7.65 million shares below its range at $13 Thursday evening. Originally, the company planned to sell 10 million shares at a range of $16-18, which it then lowered to 8.95 shares at $14 the morning of its pricing date. The stock should begin trading Friday on the Nasdaq under the symbol "CLUB".
