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Article Date: September 2021
Word Count: 362

IFIT Health & Fitness Seeks $6.7 Billion Valuation


IFIT set a price range of $18 to $21 per share for its initial public offering that was announced Sep. 1, in which it is selling up to 35,384,615 Class A shares including an underwriters’ overallotment. Assuming the overallotment is fully subscribed, there will be a total of 319,506,068 shares outstanding after the offering closes, valuing iFIT at as much as $6.7 billion at $21 per share. The NordicTrack and ProForm parent will retain about $465 million of the proceeds for general corporate purposes, with $35 million used for a one-time required payment to CEO Scott R. Watterson, and the ... Log in to view full article.

 


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