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Life Time Group Holdings Priced, NYSE: LTH

Premium US health and fitness chain.

Industry: Consumer Discretionary

Latest Trade: $24.48 +0.33 (+1.4%)

First Day Return: -1.4%

Return from IPO: +34.2%

Industry: Consumer Discretionary

Life Time, the “Healthy Way of Life Company,” is a leading lifestyle brand offering premium health, fitness and wellness experiences to a community of nearly 1.4 million individual members, who together comprise more than 767,000 memberships, as of July 31, 2021. Since our founding nearly 30 years ago, we have sought to continuously innovate ways for our members to lead healthy and happy lives by offering them the best places, programs and performers. We deliver high-quality experiences through our omni-channel physical and digital ecosystem that includes more than 150 centers -- distinctive, resort-like athletic destinations -- across 29 states in the United States and one province in Canada. Our track record of providing differentiated experiences to our members has fueled our strong, long-term financial performance. In 2019, prior to the COVID-19 pandemic, we generated $1.9 billion of revenue, $30 million in net income and $438 million in Adjusted EBITDA. In 2020, which was impacted by the COVID-19 pandemic, we generated $0.9 billion of revenue, $360 million in net loss and $(63) million in Adjusted EBITDA, and in the six months ended June 30, 2021, we generated $0.6 billion of revenue, $229 million in net loss and $(15) million in Adjusted EBITDA.
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IPO Data
IPO File Date 09/13/2021
Offer Price $18.00
Price Range $18.00 - $21.00
Offer Shares (mm) 39.0
Deal Size ($mm) $702
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/06/2021
Offer Price $18.00
Price Range $18.00 - $21.00
Offer Shares (mm) 39.0
Deal Size ($mm) $702
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Morgan Stanley
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Company Data
Headquarters Chanhassen, MN, United States
Founded 1992
Employees at IPO 30,000
Website www.lifetime.life

Life Time Group Holdings (LTH) Performance