TPG-Backed Life Time Group Raises $702 Million in Downsized IPO
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Life Time Group Holdings Inc. raised $702 million after shrinking its initial public offering and pricing its shares at the bottom of a marketed range.
The fitness center chain, whose backers include affiliates of TPG and Leonard Green, sold 39 million shares Wednesday for $18 each, according to a statement. It had marketed more than 46 million of them for $18 to $21.