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Report: Australian fitness chain F45 Training confidentially files for IPO

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Report: Australian fitness chain F45 Training confidentially files for IPO

Australian fitness studio chain F45 Training Pty. Ltd. has confidentially filed for an IPO in the U.S., with a launch date expected to be in the first half of 2020, Bloomberg News reported, citing people with knowledge of the matter.

Goldman Sachs Group Inc. and JPMorgan Chase & Co. have reportedly been tapped to help F45 prepare for its listing.

However, the company has yet to make a final decision and its plans could still change, according to Bloomberg's sources.

F45 co-founder Adam Gilchrist and representatives from Goldman and JPMorgan declined to comment on the matter, the news outlet said.

F45, which was founded in 2012, operates fitness studios in and out of Australia. In March 2019, the company received an undisclosed amount of funds from Mark Wahlberg Investment Group and FOD Capital LLC in an equity round of financing. Bloomberg said that round brought F45's valuation to $450 million.

The report follows the IPO of digital fitness company Peloton Interactive Inc. in September 2019.