Irvine multi-brand fitness franchising company Xponential Fitness Inc. on Friday set an expected per share price range of $14 to $16 for its initial public offering, which could give it a market value of nearly $900 million.
The company, which filed plans for an IPO in June, said it aims to sell 13.3 million shares of Class A common stock, according to documents filed with the Securities & Exchange Commission.
Renaissance Capital estimated the company’s market value at $877 million, which is based off the inclusion of Series A convertible preferred stock.
The company would trade under the ticker XPOF on the New York Stock Exchange.
Xponential, which CEO Anthony Geisler founded four years ago, counts more than 1,750 locations across a nine-brand portfolio of fitness studios ranging from pilates and barre to rowing and boxing.
Geisler was one of five entrepreneurs the Business Journal honored in May with an Excellence in Entrepreneurship Award.