How to buy shares in F45 (FXLV)
F45 Fitness is set to go public on the New York Stock Exchange. The Australian founded company operates over 2,000 gyms in 63 countries globally.
What is F45 Fitness?
What started as a single gym in Paddington, Sydney in 2012 is now a fitness empire. Built on a strong community of HIIT devotees, F45 operates over 2,2000 gyms in 63 countries. With investors like Mark Wahlberg and David Beckham on board, the company is estimated to be valued at US$1.5b when it lists on Thursday 15 July.
How to buy shares in F45 (FXLV)?
On Thursday 15 July, F45 Fitness (FXLV) will complete an Initial Public Offering (IPO).
Here are a few things to keep in mind for those looking to invest.
IPO
An Initial Public Offering (IPO) brings private companies to the public market.
It gives existing, internal shareholders a chance to sell their shares to institutions and retail investors. An IPO also allows the listing company to raise money.
Typically, an investment bank underwrites the process. The bank will determine fair value for a company’s shares, buy the shares and then sell the shares to its network of funds, banks, and investors through exchanges.
Buying on Stake
Investors will only be able to submit an order for $FXLV once the stock is live on 15 July. This is often an unknown time after the market opens once the pre-listing auction is complete. While the stock page may be visible on the website and app, no orders can be placed until the stock is officially trading.
Not signed up to Stake yet?
Sign up at trading.hellostake.com and trade 6,000+ US shares and ETFs with $0 brokerage.
With Stake, you can be in the US market in under 5 minutes.
You can apply for an account in your own name (Individual Account) or in the name of a Company or SMSF.
What’s more, when you sign up for an Individual account, you also get a free stock worth up to US$150 including Nike, Dropbox, or GoPro. All you need to do is fund your account within 24 hours of it being ready.
$45 for F45!
Are you already part of F45’s incredible fitness community? We are giving $45 of F45 stock to all F45 members who join Stake to celebrate the listing.
See more info right here.
Sign up to Stake