Britain’s biggest gym operator may pull its proposed initial public offering, which is intended to spur further expansion.
PureGym, which has more than 500 clubs in the UK, Denmark, Switzerland and Poland, had been tipped to attract a valuation of up to £1.5bn in a listing but market volatility may have put paid to its chances.
Analysts have suggested that the company has two main options: either it waits a few weeks to see if markets improve and it can revive its IPO; or it looks to private equity.
The stalling is an uncanny echo of five years ago, when the chain announced plans for a £500m float, only to pull it due to “market volatility”.
