SmartFit completes IPO

SmartFit, which has private equity firm Patria Investments, Canada's CPP Investments and Singapore's GIC among its investors, announces the completion of the initial public offering. The company priced shares at R$23 and began trading on the Brazilian B3 Stock Exchange on July 14th, 2021. The listing raised at least BRL 2.3 billion (ca. USDm 440) making SmartFit the first publicly listed fitness club operator in Latin America.

SmartFit is the largest fitness club operator in Latin America and fifth largest globally in members, with 981 clubs and 2.4 million members in Brazil and 12 other countries as of June 2021. In addition to physical clubs, the company is also the leader in digital products for wellness in Latin America, with more than 500,000 paying members via its mobile applications.

Quelle: Patria Investments/SmartFit
Bildmaterial: SmartFit

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