-
Peloton rival iFIT postpones IPO as volatility concerns grow
A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 6, 2021. REUTERS/Brendan McDermid Oct 7 (Reuters) – IFIT Health & Fitness Inc postponed its U.S. initial public offering on Thursday, citing unfavorable market conditions that have investors worried about growing volatility in capital markets. While the United States has recently enjoyed a bull run in its capital markets, defaults at Chinese property developers tied to the fate of cash-strapped Evergrande, record-high energy costs and inflation have stoked investor worries and market swings. IFIT is the first
-
iFIT Health & Fitness Files For IPO
iFIT Health & Fitness, which sells connected fitness equipment and subscriptions under brands including iFIT and NordicTrack, filed for an initial public offering with the Securities & Exchange Commission to raise up to $100 million. iFIT Health & Fitness had filed confidentially on March 26, 2021. In its prospectus, the Logan, UT-based company described itself as, “We are a health and fitness subscription technology company, fueled by our passion to innovate, grow and provide meaningful solutions for our members. iFIT is an integrated health and fitness platform, designed to connect our proprietary software, experiential content and interactive hardware to
-
IFIT to Buy Fitness Platform Sweat for $300 Million Ahead of IPO
IFIT, which owns NordicTrack, was recently valued in excess of $7 billion in its most recent round of funding in late 2020. Above, a runner uses the iFIT app on a treadmill. Photo: iFit IFIT Health & Fitness Inc. will acquire Sweat, an online fitness training platform, ahead of an initial public offering that is expected in the fall, according to people familiar with the matter. IFIT is buying Sweat, which was co-founded by trainer Kayla Itsines and CEO Tobi Pearce in 2015, for around $300 million, some of the people said. IFIT plans to keep Sweat, which is based
-
ICON Health & Fitness Announces Name Change to iFIT Health & Fitness Inc.
LOGAN, Utah–(BUSINESS WIRE)–ICON Health & Fitness, a global leader in connected fitness software, content and equipment, today announced that it has changed its corporate name to iFIT Health & Fitness Inc. (“iFIT”). Named after the Company’s proprietary software platform, the change reflects iFIT’s commitment to delivering personalized connected health and fitness experiences to its growing community. Currently, iFIT has more than five million members in 120 countries. “As we begin our next chapter of leadership in the health and wellness industry, we are elevating the name of our operating system to become our global corporate name,” said Scott
-
Icon Health & Fitness Changes Name To iFIT Health & Fitness Inc.
Icon Health & Fitness announced that it has changed its corporate name to iFIT Health & Fitness Inc. Named after the company’s proprietary software platform, the change reflects iFIT’s commitment to delivering personalized connected health and fitness experiences to its growing community. Currently, iFIT has more than five million members in 120 countries. “As we begin our next chapter of leadership in the health and wellness industry, we are elevating the name of our operating system to become our global corporate name,” said Scott Watterson, founder, chairman and CEO of iFIT Health & Fitness. “This name change reflects our focus
The Go-To Source For Marvelous Servise
/cloudfront-us-east-2.images.arcpublishing.com/reuters/UU3VUWUUUFLF3KBNJLOM2PL25E.jpg)
