Planet Fitness Looks to Gain Strength with its IPO Thursday - Stocks in the News - Nasdaq

and cloud-based conditioning platform provider Mindbody

(MB)

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Planet Fitness describes itself as one of your largest and

fastest-growing franchisers as well as operators of fitness center in the

U.S. Additionally as

of the conclusion of March, Planet Fitness franchisees possess signed

agreements to open a lot more than 1,000 further spots over the

next 7 years. End Up Being certain to end up being able to check

back to determine exactly how investors react for the IPO from Planet

Fitness, and look at the actual movement that it is stock value sees.

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Planet Fitness reported revenue of $279.8 million for 2014, up 33%

from the actual prior year, along with net earnings pertaining to 2014 involving $37.3 million. Planet Fitness is actually seeking to raise $203 million having its IPO,

offering http://maxmusclevenice.com 13.5 million shares with a price goal involving $14-$16. The

company reported system-wide sales regarding $1.2 billion with regard to 2014, which

it defined as month to month dues as well as annual service fees billed simply by Planet Fitness

and its franchisees. on your own in the future.

Based within New Hampshire as well as founded within 1992, Planet Fitness will

join this list associated with recent fitness as well as healthcare industry IPOs,

following within the footsteps involving wearable fitness device maker Fitbit

Inc.

(FIT)

. The

company estimates it'll receive profits associated with $128.3 million from

the offering.

As regarding the finish involving March this year the company had 1,014 stores,

nearly 3 x the actual mere 389 shops Planet Fitness had in

December 2010, and also had a membership based associated with 7.1 million. the long term growth in the company

will end up being something to keep an eye fixed on, however tomorrow eyes will be

turned to the company's IPO because it hits the particular NYSE. Regarding the initial quarter of 2015 the actual company

posted income regarding $76.9 million, a 33.5% improve in the same

quarter the actual prior year, too as net income involving $8.5 million.

Planet Fitness in addition reported that is provides seen 33 consecutive

quarters of system-wide same-store sales growth 12 months more than year.





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Come-as-you-are fitness center franchisor and also operator Planet

Fitness is defined for you to launch its IPO Thursday morning as it becomes

publicly traded around the Ny Stock Exchange under the actual ticker

PLNT. The Particular organization sees the particular chance to possess much more than

4,000 total stores inside the U.S. simply by members and locations, with a extremely recognizable brand.

The business says within its prospectus, "Our mission would always be to enhance

people's lives by giving any high-quality fitness experience of a

welcoming, non-intimidating environment, that we call the actual Judgment

Free Zone, exactly where anyone-and we mean everyone-can really feel that they belong".

The business does operate in the fragmented and also very competitive

industry, together with concerning 34, 460 fitness clubs over the U.S. serving

approximately 54 million members, which will supply the company

with challenges shifting forward

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