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Fitell Priced, Nasdaq: FTEL

Online retailer of gym and fitness equipment in Australia.

Industry: Technology

Latest Trade: $30.95 +1.19 (+4.0%)

First Day Return: +1.0%

Return from IPO: +495.2%

Industry: Technology

Founded in 2007 and headquartered in New South Wales, Australia, GD Wellness Pty Ltd (“GD”) is a wholly owned subsidiary of Fitell Corporation, a Cayman Islands company (together with its subsidiaries, “Fitell,” “us,” “our,” “we,” or the “Company”). We are an online retailer of gym and fitness equipment both under our proprietary brands and other brand names. Our mission is to build an ecosystem with a whole fitness and wellness experience powered by technology to our customers. GD has served over 100,000 customers with large portions of sales from repeat customers over the years, which we believe to be a testament of our product quality and brand loyalty. Our brand portfolio can be categorized into three proprietary brands under our Gym Direct brand: Muscle Motion, Rapid Motion, and FleetX, in over 2,000 stock-keeping units (SKUs).
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IPO Data
IPO File Date 10/07/2022
Offer Price $5.00
Price Range $5.00 - $6.00
Offer Shares (mm) 3.0
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/07/2023
Offer Price $5.00
Price Range $5.00 - $6.00
Offer Shares (mm) 3.0
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Revere Securities
R.F. Lafferty & Co.
Company Data
Headquarters Taren Point, Australia
Founded 2007
Employees at IPO 13
Website gymdirect.com.au

Fitell (FTEL) Performance