A global fitness F45 Training community is rumored to have filed for an Initial Public Offering (IPO) in the U.S. The community has not provided any comment yet. The information is confidential, and those familiar with the matter have preferred to stay anonymous.Goldman Sachs Group Inc. and JPMorgan Chase & Co. are allegedly working with F45 Training community on the listing. However, their representatives have declined to comment. F45 Training co-founder Adam Gilchrist has also refused to share any information on IPO. The only thing he said is that the company is continuously exploring ways to help franchisees accelerate same-store sales growth.F45 Training’s IPO is said to come as soon as the first half of this year. However, the decision on a listing is not yet final. Therefore, the
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A global fitness F45 Training community is rumored to have filed for an Initial Public Offering (IPO) in the U.S. The community has not provided any comment yet. The information is confidential, and those familiar with the matter have preferred to stay anonymous.
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are allegedly working with F45 Training community on the listing. However, their representatives have declined to comment. F45 Training co-founder Adam Gilchrist has also refused to share any information on IPO. The only thing he said is that the company is continuously exploring ways to help franchisees accelerate same-store sales growth.
F45 Training’s IPO is said to come as soon as the first half of this year. However, the decision on a listing is not yet final. Therefore, the community’s plans may change.
F45 Training Is a Prosperous Franchise
F45 Training is a global fitness community specializing in innovative, high-intensity group workouts that are fast, fun, and results-driven. It unites the basics of HIIT, Circuit Training, and Functional Training. The community started its activity in Sydney, Australia. Now it is based in Los Angeles. Moreover, it boasts over 1500 studios across 40 countries.
F45 Training has the franchise fee of up to $50,000, with a total initial investment range of $220,000 to $299,000.
The franchise has quickly gained traction. In March 2019, it attracted an American actor, producer, businessman, model, rapper, singer and songwriter Mark Wahlberg. Hollywood celebrity once tried the F45 Training program. After that, his Investment Group and FOD Capital bought a minority stake in F45 Training. The investment made as much as $450 million. As a result, the valuation of the Sydney-born franchise increased up to roughly A$600 million.
Wahlberg said at that time:
“As a fitness fanatic I fell in love with F45 after I walked in and saw people from all walks of life and levels of fitness, working out together.”
There a lot of posts devoted to F45 Training on Wahlberg’s social network accounts. Above all, the actor has introduced its training program to such celebrities as Mario Lopez, basketball stars Dwayne Wade and Jimmy Butler, former National Football League player Calvin Johnson, and the National Hockey League’s Max Domi.
F45 signs about 100 franchises every month. F45 Training spends the money on global expansion and looks to open more studios all over the world.
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