Irvine fitness franchisor Xponential Fitness LLC is considering an initial public offering this year, according to a report from Bloomberg.
The IPO, which would give the fast-growing company a $1.3 billion valuation, comes after earlier plans to go public were paused due to COVID, the report said.
Xponential, through a spokesman, declined comment to the Business Journal.
The company last month acquired boxing workout concept Rumble in a deal Bloomberg said topped $300 million. Xponential also declined comment to the Business Journal on the purchase price.
Rumble marks the ninth fitness brand added to Xponential’s portfolio of workout boutique concepts.