Fitness Startups’ Fates Diverge With Virus Quashing IPO Plans

As worldwide lockdowns force avid gym-goers to exercise in their living rooms and boost the profile of in-home workout startups, more traditional fitness companies are feeling the strain.

Topgolf International Inc., F45 Training and Xponential Fitness LLC, all of which were making plans to go public as recently as last month, have put those preparations on hold as the Covid-19 pandemic keeps customers away from their venues, according to people with knowledge of the matter.