Wahlberg-Backed F45 Training Gains Little in Trading Debut

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Wahlberg-Backed F45 Training Gains Little in Trading Debut

Bloomberg2021-07-16

(Bloomberg) -- F45 Training Holdings Inc., the provider of group fitness classes backed by actor Mark Wahlberg, rose as much as 11% and then lost most of those gains in its trading debut after a $325 ...

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wc77
·2021-07-16
like and comment pls
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- Sunris3:
  Done
  2021-07-16
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SquareGuy
·2021-07-16
Gym lovers snapping it up? Where Arnold , Frank Zane gym ???
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AungLay
·2021-07-16
Wahlberg-Backed F45 Training Gains Little in Trading Debut
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- Chinleong:
  Yes
  2021-07-16
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Where Arnold , Frank Zane gym ???","listText":"Gym lovers snapping it up? Where Arnold , Frank Zane gym ???","text":"Gym lovers snapping it up? Where Arnold , Frank Zane gym ???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170849966","repostId":1105460782,"repostType":4,"repost":{"id":"1105460782","kind":"news","pubTimestamp":1626418800,"share":"https://ttm.financial/m/news/1105460782?lang=&edition=fundamental","pubTime":"2021-07-16 15:00","market":"us","language":"en","title":"Wahlberg-Backed F45 Training Gains Little in Trading Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1105460782","media":"Bloomberg","summary":"(Bloomberg) -- F45 Training Holdings Inc., the provider of group fitness classes backed by actor Mar","content":"<p>(Bloomberg) -- F45 Training Holdings Inc., the provider of group fitness classes backed by actor Mark Wahlberg, rose as much as 11% and then lost most of those gains in its trading debut after a $325 million initial public offering.</p>\n<p>In a listing that was delayed by the coronavirus pandemic and then sidetracked by a blank-check merger deal that fell apart, F45 and an investor that includes Wahlberg sold more than 20 million shares for $16 each Wednesday after marketing them for $15 to $17. The shares, which opened Thursday at $17, closed up 1.3% from the offer price to $16.20, giving F45 a market value of $1.46 billion.</p>\n<p>Wahlberg invested in F45 through a private investment vehicle called MWIG LLC, which sold almost 1.6 million shares in the IPO. Wahlberg owns about 26% of the membership interest in MWIG, according to F45’s filings.</p>\n<p>F45, whose name is a mash-up of “functional training” and the 45-minute duration of its classes, started in Australia and is now based in Austin, Texas, had filed confidentially for an IPO, Bloomberg News reported in January 2020. Within a few months, it had put those plans on ice as the pandemic forced gyms and similar businesses to close.</p>\n<p>In June 2020, F45 instead struck a deal to go public by merging with Crescent Acquisition Corp., a special purpose acquisition company, or SPAC. That agreement, which would have valued the combined company at $845 million including debt, was terminated in October.</p>\n<p>Adam Gilchrist, F45’s chief executive officer, said in a joint statement at the time that the “prolonged uncertainty around the pandemic” kept the combination from being completed.</p>\n<p>For the first three months of 2021, F45 had a net loss of $37 million on revenue of $18 million, compared with a loss of $733,000 on $25 million revenue during the same period last year, according to its filings.</p>\n<p>The offering was led by Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co. The shares are trading Thursday on the New York Stock Exchange under the symbol FXLV, which incorporates the Roman numeral for 45.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wahlberg-Backed F45 Training Gains Little in Trading Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWahlberg-Backed F45 Training Gains Little in Trading Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/wahlberg-backed-f45-training-trades-170815878.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- F45 Training Holdings Inc., the provider of group fitness classes backed by actor Mark Wahlberg, rose as much as 11% and then lost most of those gains in its trading debut after a $325 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/wahlberg-backed-f45-training-trades-170815878.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FXLV":"F45 Training Holdings Inc."},"source_url":"https://finance.yahoo.com/news/wahlberg-backed-f45-training-trades-170815878.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105460782","content_text":"(Bloomberg) -- F45 Training Holdings Inc., the provider of group fitness classes backed by actor Mark Wahlberg, rose as much as 11% and then lost most of those gains in its trading debut after a $325 million initial public offering.\nIn a listing that was delayed by the coronavirus pandemic and then sidetracked by a blank-check merger deal that fell apart, F45 and an investor that includes Wahlberg sold more than 20 million shares for $16 each Wednesday after marketing them for $15 to $17. The shares, which opened Thursday at $17, closed up 1.3% from the offer price to $16.20, giving F45 a market value of $1.46 billion.\nWahlberg invested in F45 through a private investment vehicle called MWIG LLC, which sold almost 1.6 million shares in the IPO. Wahlberg owns about 26% of the membership interest in MWIG, according to F45’s filings.\nF45, whose name is a mash-up of “functional training” and the 45-minute duration of its classes, started in Australia and is now based in Austin, Texas, had filed confidentially for an IPO, Bloomberg News reported in January 2020. Within a few months, it had put those plans on ice as the pandemic forced gyms and similar businesses to close.\nIn June 2020, F45 instead struck a deal to go public by merging with Crescent Acquisition Corp., a special purpose acquisition company, or SPAC. That agreement, which would have valued the combined company at $845 million including debt, was terminated in October.\nAdam Gilchrist, F45’s chief executive officer, said in a joint statement at the time that the “prolonged uncertainty around the pandemic” kept the combination from being completed.\nFor the first three months of 2021, F45 had a net loss of $37 million on revenue of $18 million, compared with a loss of $733,000 on $25 million revenue during the same period last year, according to its filings.\nThe offering was led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. The shares are trading Thursday on the New York Stock Exchange under the symbol FXLV, which incorporates the Roman numeral for 45.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170816440,"gmtCreate":1626419117480,"gmtModify":1703759804194,"author":{"id":"3578793168486520","authorId":"3578793168486520","name":"AungLay","avatar":"https://community-static.tradeup.com/news/4bfab5eaa2b2f7fa7753b303605556cd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578793168486520","authorIdStr":"3578793168486520"},"htmlText":"Wahlberg-Backed F45 Training Gains Little in Trading Debut","listText":"Wahlberg-Backed F45 Training Gains Little in Trading Debut","text":"Wahlberg-Backed F45 Training Gains Little in Trading Debut","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170816440","repostId":1105460782,"repostType":4,"repost":{"id":"1105460782","kind":"news","pubTimestamp":1626418800,"share":"https://ttm.financial/m/news/1105460782?lang=&edition=fundamental","pubTime":"2021-07-16 15:00","market":"us","language":"en","title":"Wahlberg-Backed F45 Training Gains Little in Trading Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1105460782","media":"Bloomberg","summary":"(Bloomberg) -- F45 Training Holdings Inc., the provider of group fitness classes backed by actor Mar","content":"<p>(Bloomberg) -- F45 Training Holdings Inc., the provider of group fitness classes backed by actor Mark Wahlberg, rose as much as 11% and then lost most of those gains in its trading debut after a $325 million initial public offering.</p>\n<p>In a listing that was delayed by the coronavirus pandemic and then sidetracked by a blank-check merger deal that fell apart, F45 and an investor that includes Wahlberg sold more than 20 million shares for $16 each Wednesday after marketing them for $15 to $17. The shares, which opened Thursday at $17, closed up 1.3% from the offer price to $16.20, giving F45 a market value of $1.46 billion.</p>\n<p>Wahlberg invested in F45 through a private investment vehicle called MWIG LLC, which sold almost 1.6 million shares in the IPO. Wahlberg owns about 26% of the membership interest in MWIG, according to F45’s filings.</p>\n<p>F45, whose name is a mash-up of “functional training” and the 45-minute duration of its classes, started in Australia and is now based in Austin, Texas, had filed confidentially for an IPO, Bloomberg News reported in January 2020. Within a few months, it had put those plans on ice as the pandemic forced gyms and similar businesses to close.</p>\n<p>In June 2020, F45 instead struck a deal to go public by merging with Crescent Acquisition Corp., a special purpose acquisition company, or SPAC. That agreement, which would have valued the combined company at $845 million including debt, was terminated in October.</p>\n<p>Adam Gilchrist, F45’s chief executive officer, said in a joint statement at the time that the “prolonged uncertainty around the pandemic” kept the combination from being completed.</p>\n<p>For the first three months of 2021, F45 had a net loss of $37 million on revenue of $18 million, compared with a loss of $733,000 on $25 million revenue during the same period last year, according to its filings.</p>\n<p>The offering was led by Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co. The shares are trading Thursday on the New York Stock Exchange under the symbol FXLV, which incorporates the Roman numeral for 45.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wahlberg-Backed F45 Training Gains Little in Trading Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWahlberg-Backed F45 Training Gains Little in Trading Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/wahlberg-backed-f45-training-trades-170815878.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- F45 Training Holdings Inc., the provider of group fitness classes backed by actor Mark Wahlberg, rose as much as 11% and then lost most of those gains in its trading debut after a $325 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/wahlberg-backed-f45-training-trades-170815878.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FXLV":"F45 Training Holdings Inc."},"source_url":"https://finance.yahoo.com/news/wahlberg-backed-f45-training-trades-170815878.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105460782","content_text":"(Bloomberg) -- F45 Training Holdings Inc., the provider of group fitness classes backed by actor Mark Wahlberg, rose as much as 11% and then lost most of those gains in its trading debut after a $325 million initial public offering.\nIn a listing that was delayed by the coronavirus pandemic and then sidetracked by a blank-check merger deal that fell apart, F45 and an investor that includes Wahlberg sold more than 20 million shares for $16 each Wednesday after marketing them for $15 to $17. The shares, which opened Thursday at $17, closed up 1.3% from the offer price to $16.20, giving F45 a market value of $1.46 billion.\nWahlberg invested in F45 through a private investment vehicle called MWIG LLC, which sold almost 1.6 million shares in the IPO. Wahlberg owns about 26% of the membership interest in MWIG, according to F45’s filings.\nF45, whose name is a mash-up of “functional training” and the 45-minute duration of its classes, started in Australia and is now based in Austin, Texas, had filed confidentially for an IPO, Bloomberg News reported in January 2020. Within a few months, it had put those plans on ice as the pandemic forced gyms and similar businesses to close.\nIn June 2020, F45 instead struck a deal to go public by merging with Crescent Acquisition Corp., a special purpose acquisition company, or SPAC. That agreement, which would have valued the combined company at $845 million including debt, was terminated in October.\nAdam Gilchrist, F45’s chief executive officer, said in a joint statement at the time that the “prolonged uncertainty around the pandemic” kept the combination from being completed.\nFor the first three months of 2021, F45 had a net loss of $37 million on revenue of $18 million, compared with a loss of $733,000 on $25 million revenue during the same period last year, according to its filings.\nThe offering was led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. The shares are trading Thursday on the New York Stock Exchange under the symbol FXLV, which incorporates the Roman numeral for 45.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5237728,"gmtCreate":1626420351449,"gmtModify":1663231053234,"authorId":3559098973692807,"author":{"id":3559098973692807,"idStr":"3559098973692807","authorId":3559098973692807,"name":"Chinleong","avatar":"https://static.tigerbbs.com/6dbcd389c42e41aa06c692b423858c4c","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170816440,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":36,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}