Xponential Fitness Prices Downsized IPO Below Expected Range

Xponential Fitness Inc XPOF, a fitness franchiser, has announced the pricing of its initial public offering (IPO) of 10 million shares at $12 per ordinary share.
It had earlier expected to sell 13.3 million shares at $14 to $16 per share.
The underwriters of the offering have a 30-day option to purchase up to an additional 1.5 million ordinary shares.
The company's shares will begin trading today on the New York Stock Exchange under the ticker symbol XPOF.
It expects the offering to close on July 27, 2021.