Life Time Group Holdings Inc., a boutique fitness center backed by TPG and Leonard Green, shrank its IPO size Wednesday night to raise $702 million, after setting a target to raise as much as $966 million. Read more: Pulled IPOs Are the Latest Casualties of Stock Market Volatility and personal care products manufacturer KDC/One Development Corp. Vista Equity Partner-backed software maker Allvue Systems Holdings Inc. The VIX Index, a benchmark that measures market volatility, has been creeping up since August, resulting in the delay in some listings.
It had planned to raise as much as $646 million in the deal. The company, whose brands include NordicTrack, ProForm and iFit, said in a Thursday statement that it “will continue to evaluate the timing for the proposed offering.” delayed an initial public offering citing adverse market conditions. (Bloomberg) - Exercise-machine maker iFit Health & Fitness Inc.
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