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Pure Gym abandons London IPO plan

Discussion in 'Market News' started by Lily, Oct 11, 2016.

  1. Lily

    Lily Forum Member

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    UK’s biggest fitness chain blames market volatility for pulling the plug on plans to raise £190m from listing on the stock exchange

    Britain’s biggest gym operator, Pure Gym, has abandoned plans to float on the London Stock Exchange , blaming weak investor enthusiasm for new public listings.

    Less than a month after announcing plans for a stock market listing, the no-frills fitness chain said current market volatility meant it was no longer in the long-term interests of the company.

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