YogaWorks, which operates 50 yoga studios in major US metropolitan markets, raised $40 million by offering 7.3 million shares at $5.50, the low end of the downwardly revised range of $5.50 to $6.50. It originally planned to raise $65 million by offering 5.0 million shares at $12 to $14. YogaWorks plans to list on the Nasdaq under the symbol YOGA. Cowen & Company, Stephens Inc. and Guggenheim Securities acted as lead managers on the deal.
