Deals
Xponential Revives IPO Plans After $300 Million Rumble Purchase
- Listing could value Club Pilates brand owner at $1.3 billion
- California firm acquired boxing franchise Rumble in March
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Xponential Fitness LLC, the franchise owner of boutique fitness brands including Club Pilates and CycleBar, has revived plans for a U.S. initial public offering after setting them aside when the Covid-19 pandemic hit, according to people with knowledge of the matter.
The Irvine, California-based company is planning a 2021 listing which may value it at about $1.3 billion, said the people, who asked not to be identified because the information is private.