Planet Fitness plans $238 million IPO next week

Planet Fitness is planning to go public next week in an offering that could raise upwards of $233 million, according to IPO fund manager Renaissance Capital. The fitness chain plans to be listed on the New York Stock Exchange under the ticker "PLNT," and estimates that it will price its stock between $14 to $16, according to Renaissance. Headquartered in Newington, New Hampshire, Planet Fitness has 3 of its 1,014 locations in Memphis, according to its website. The company has reportedly been looking…
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