Planet Fitness Announces Pricing of Initial Public Offering

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Planet Fitness (PLNT) IPO Opens 9% Lower

August 6, 2015 10:00 AM EDT

Today's IPO for Planet Fitness (NYSE: PLNT) opened for trading at $14.50 after pricing 13,500,000 shares of its Class A common stock at a public offering price of $16.00 per share.

J.P. Morgan, BofA Merrill Lynch, Jefferies and Credit Suisse are acting as active book-running managers of the proposed offering. Guggenheim Securities, Robert W. Baird, William Blair and Piper Jaffray are acting as junior book-running managers. Cowen & Company is acting as a... More