Planet Fitness Prices and Closes Secondary Offering
Ropes & Gray represented Planet Fitness, Inc. in its underwritten secondary public offering of 11.5 million shares of common stock by certain of its existing stockholders at a price of $16.50 per share. The pricing was announced on June 22, and the offering closed on June 28.
Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. by number of members and locations.
The Ropes & Gray team included securities & public companies partner David Fine, and associate Thomas Fraser.