F45 Training (FXLV), the fitness franchise backed by actor Mark Wahlberg, got a workout in its Wall Street debut on July 15. Shares of the Austin, Texas-based company rose as much as 11%, then briefly fell below the offer price of $16 a share, before closing up 1.3% to $16.20. In an interview with Yahoo Finance Live, Founder and CEO Adam Gilchrist compared F45’s IPO to that of another franchise fitness chain, Planet Fitness (PLNT). “We wanted to obviously be in a position to replicate the… Source link
Read More »Investors are not pumped for Mark Wahlberg-backed fitness chain
