Posts tagged "F45 CEO"

Australian-born gym chain F45 intends to delist its shares from the New York Stock Exchange, after what one market observer dubbed a "disaster" run for the company since its powerhouse IPO lifted the company a AU$2 billion valuation.

From the humble beginnings with one gym in Paddington in 2013, F45 grew to 2,247 franchises across 63 countries by March 2021.

The cuts come as the Australian-born fitness giant drastically downgrades its growth forecasts and revenue projections due to "macroeconomic uncertainty".

How did F45 go from Aussie fitness upstart to a competitor on the global health scene, and now to publicly-traded corporation?