Beauty and fitness device retailer Fit Boxx Holdings files and sets terms for $20 million US IPO

Fit Boxx Holdings, which sells beauty, fitness, and health care products and devices in Hong Kong and China, filed and announced terms for its IPO on Thursday.

The Hong Kong-based company plans to raise $20 million by offering 2.5 million shares at a price range of $7.50 to $8.50. At the midpoint of the proposed range, Fit Boxx Holdings would command a market value of $92 million.

Fit Boxx Holdings was founded in 2009 and booked $38 million in revenue for the 12 months ended September 30, 2018. It plans to list on the Nasdaq under the symbol FBOX. WestPark Capital is the sole bookrunner on the deal.