YogaWorks, which operates 50 yoga studios in major US metropolitan markets, postponed its IPO on Thursday. It had filed to raise $65 million by offering 5 million shares at a price range of $12 to $14.
The Culver City, CA-based company was founded in 1987 and booked $54 million in sales for the 12 months ended March 31, 2017. It had planned to list on the Nasdaq under the symbol YOGA. Cowen & Company, Stephens Inc. and Guggenheim Securities were set to be the joint bookrunners on the deal.
