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Connected Fitness Startup Forme Files for US IPO

  • Smart gym startup working with Berenberg on potential listing
  • Small-cap deals have been lone bright spot in IPO market
FORME ultra-high definition 4K touchscreen mirror
FORME ultra-high definition 4K touchscreen mirrorSource: FORME

Forme has filed confidentially for a US initial public offering that could value the connected fitness company at more than $200 million, people familiar with the matter said.

The startup is working with Berenberg on the potential offering, the people said, asking not to be identified because the information is private. It is considering seeking around $50 million in fresh funds through the share sale, according to the people.