StretchLab studio

StretchLab studio

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.

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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.