Gillian Tan, Columnist

YogaWorks Is a Meditation on Painfully Premature IPOs

The chain's woes offer a lesson in the perils of going public too soon.

October 3, 2017 at 12:00 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

1506976741_pic — Photographer: SONNY TUMBELAKA/AFP/Getty Images

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Forgive YogaWorks Inc. shareholders if they're not feeling very Zen right now.

Shares of the Culver City, California-based yoga chain have more than halved since its August IPO, in part due to lackluster quarterly earnings and a dim outlook. In hindsight, it's becoming clear that the company -- backed by private equity firm Great Hill Partners LLC -- entered the big leagues too soon.