LTH News

In October 2021, 40 IPOs raised $12.3 billion, joined by 53 SPACs that raised $9.1 billion. Healthcare dominated activity, accounting for 17 of the month’s IPOs, with technology close behind at 12 deals. Leading US semiconductor foundry GlobalFoundries raised $2.6 billion, the third-largest IPO of the year so far. The month’s IPOs averaged a 12% return from offer, with...read more

Eight IPOs joined the public market this past week, joined by ten SPACs. Two companies postponed, both citing market conditions: fitness equipment brand iFIT Health & Fitness (IFIT) and drug developer AEON Biopharma (AEON). New filers continued to flood the pipeline, with 22 IPOs and 12 SPACs submitting initial filings. Canada-listed...read more

Life Time Group Holdings, a premium US health and fitness chain, raised $702 million by offering 39 million shares at $18, the low end of the range of $18 to $21. The company originally planned to offer 46 million but sold 16% fewer shares than anticipated. Life Time offers premium health, fitness, and wellness experiences through an omni-channel physical and digital ecosystem that...read more

Updated Monday, 10/4. In the first full week of October, seven IPOs are slated to raise $2.0 billion, led by two fitness companies. Fitness chain Life Time Group Holdings (LTH) plans to raise $901 million at a $4.1 billion market cap. Taken private in 2015, Life Time operates more than 150 "centers" across 29 US states and one province in Canada,...read more