Planet Fitness Goes Public | NECN
New Hampshire

New Hampshire

The latest news from around the state

Planet Fitness Goes Public

The Newington, New Hampshire-based workout center chain announced 13,500,000 shares of its Class A common stock Monday

    processing...

    NEWSLETTERS

    Planet Fitness Goes Public
    necn

    Gym company Planet Fitness has started its initial public offering.

    The Newington, New Hampshire-based workout center chain announced 13,500,000 shares of its Class A common stock Monday.

    The company says underwriters will have a 30-day option to buy up to an additional 2,025,000 shares.

    The price range for the IPO is estimated to be between $14 and $16 per share.

    As it prepared to go public, Planet Fitness sought a change in state tax laws that would've kept it from paying higher business profits taxes. Lawmakers broadened a bill that would have businesses avoid paying higher taxes on certain gains in value. Gov. Maggie Hassan vetoed it, saying she'd consider the proposal as part of budget negotiations.

    A Planet Fitness spokeswoman recently said the company would like to stay in New Hampshire but is continuing to explore its options.

    For up-to-the-minute news and weather, be sure to follow us on Twitter and like us on Facebook. Sign up for our new breaking news email alerts by clicking here and download our free apps here.