Xponential Fitness, Inc.

Xponential Fitness, Inc. (XPOF) priced its initial public offering on Jul 26, 2021 at $12.00 per share, below its $14.00–$16.00 range, raising $120M, and listed on NYSE. At the IPO price its market capitalization was about $558.4M. BofA Securities was lead-left underwriter, joined by Jefferies, Morgan Stanley and Guggenheim and others. Davis Polk advised the company and Latham & Watkins advised the underwriters.

Xponential Fitness, Inc. is a franchisor of boutique fitness brands, founded in August 2017 with Club Pilates as its first brand and Pure Barre acquired in 2018. It supports its brands with a shared digital platform and earns recurring franchise revenue.

Status

IPO

Ticker

XPOF

Exchange

NYSE

Priced

Jul 26, 2021

IPO price

$12.00

Price range

$14.00–$16.00

Raised

$120M

Market cap at IPO price

$558.4M

First filed

Jun 25, 2021

Underwriters

BofA Securities, Jefferies, Morgan Stanley, Guggenheim, Citigroup, Piper Sandler, Baird and Raymond James

Company counsel

Davis Polk

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.