NEWINGTON,
N.H., July 27, 2015 (GLOBE NEWSWIRE) -- Planet Fitness, Inc. ("Planet
Fitness" or the "Company") today announced that it has commenced an
initial public offering of 13,500,000 shares of its Class A common
stock. The underwriters will have a 30-day option to purchase up to an
additional 2,025,000 shares of common stock. The price range for the
initial public offering is currently estimated to be between $14 and $16
per share. The Company has applied to list its Class A common stock on
the New York Stock Exchange under the ticker symbol "PLNT."
J.P. Morgan, BofA Merrill Lynch, Jefferies and Credit Suisse are acting
as active book-running managers of the proposed offering with
Guggenheim Securities, Robert W. Baird, William Blair and Piper Jaffray
acting as junior book-running managers and Cowen & Company as a
co-manager.
The proposed offering will be made only by means of a prospectus. A
copy of the preliminary prospectus related to the offering may be
obtained, when available, from: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717, or by calling toll-free at (866) 803-9204; or BofA Merrill Lynch,
222 Broadway, New York, New York 10038, Attention: Prospectus
Department or by emailing dg.prospectus_requests@baml.com;
or Jefferies LLC, Attention: Equity Syndicate Prospectus Department,
520 Madison Avenue, 2nd Floor, New York, NY 10022, by emailing Prospectus_Department@Jefferies.com, or by calling (877) 547-6340.
A registration statement on Form S-1 relating to the proposed offering
has been filed with the Securities and Exchange Commission but has not
yet become effective. The shares to be registered may not be sold nor
may offers to buy be accepted prior to the time the registration
statement becomes effective. This press release is being made pursuant
to and in accordance with Rule 134 under the Securities Act of 1933 and
shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state or jurisdiction.
About Planet Fitness
Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest
and fastest-growing franchisors and operators of fitness centers in the
United States by number of members and locations. As of March 31, 2015,
Planet Fitness had more than 7.1 million members and 976 stores in 47
states, Puerto Rico and Canada. The Company's mission is to enhance
people's lives by providing a high-quality fitness experience in a
welcoming, non-intimidating environment, which we call the Judgement
Free ZoneĀ®.
Media Contact:
Jessica Liddell, ICR
203-682-8208
McCall Gosselin, Planet Fitness
603.750.0001