Xponential Fitness Seeks $200 Million in IPO with $200 Million in Private Placement

Xponential Fitness, Irvine, California, anticipates a public offering price of between $14 and $16 per share when it files for its initial public offering (IPO), selling 13.3 million shares, according to its amended S-1 filing with the Securities and Exchange Commission.

Xponential is a curator of nine boutique fitness studios: Club Pilates, Pure Barre, Cyclebar, StretchLab, Row House, YogaSix, Rumble, AKT and Stride.

Xponential intends to raise $200 million in gross proceeds from the IPO. Some of its existing shareholders have agreed to purchase shares of up to $200 million in a concurrent private placement.

Xponential announced earlier this month its plans for an IPO with plans to trade on the New York Stock Exchange as XPOF. It has not yet announced when it would start trading.

F45 Training, which started trading publicly on the New York Stock Exchange on July 15, initially valued its shares at $16 and offered 20.3 million shares. At the close of the market on July 20, F45 shares were trading at $13.96.