IPO for Mark Wahlberg-backed F45 (FXLV) Opens 6% Higher

Today's IPO for Mark Wahlberg-backed F45 Training Holdings Inc. (NYSE: FXLV) opened for trading at $17 after pricing 20,312,500 shares of its common stock, 18,750,000 of which are being offered by the Company and 1,562,500 of which are being offered by the selling stockholder named in the prospectus, at a price of $16.00 per share.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint leading book-running managers and representatives of the underwriters for the offering. Robert W. Baird & Co. Incorporated, Cowen and Company, LLC, Guggenheim Securities, LLC, Macquarie Capital (USA) Inc., MUFG Securities Americas Inc. and Roth Capital Partners are acting as co-managers for the offering.

F45 offers consumers functional 45-minute workouts that are effective, fun and community-driven. F45 utilizes proprietary technologies: a fitness programming algorithm and a patented technology-enabled delivery platform that leverages a rich content database of over 3,900 unique functional training movements to offer new workouts each day and provide a standardized experience across the Company’s global footprint.

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