You Can Own A Piece Of Planet Fitness
Not only can your muscles get bigger, but perhaps your portfolio as well.
The company that calls Newington it's home (for now), Monday announced 13,500,000 shares of its Class A common stock.
Planet Fitness says underwriters will have a 30-day option to buy up to an additional 2,025,000 shares. The IPO has an estimated price range of between $14 and $16 per share.
I've been a member of Planet Fitness on and off for a number of years, but I've always enjoyed their staff and like spending time there. It's 'Judgement Free Zone' mantra does seem to set it apart from other gyms.