Alta Global Group, which provides martial art and combat sport training through a network of partner gyms, announced terms for its IPO on Wednesday.
The Manly, Australia-based company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Alta Global Group would command a fully diluted market value of $61 million.
Alta offers a platform for martial arts and combat sports, featuring four core products: the Warrior Training Program, UFC Fight Fit Program, Alta Academy, and the Alta Community. To date, the company has monetized its Warrior Training Program. Alta's partner gym communities include martial arts and combat sports gym operations that span a range of training disciplines. Since 2018, the company has run over 206 programs globally, and over 5,100 participants have subscribed to its Warrior Training Program.
Alta Global Group was founded in 2013 and booked $1 million in revenue for the 12 months ended June 30, 2023. It plans to list on the NYSE American under the symbol MMA. ThinkEquity is the sole bookrunner on the deal.
