The Gym to float on stock market with valuation of £250m

Discussion in 'Market News' started by Lily, Nov 10, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Budget fitness centre’s IPO will make £3m for its founder John Treharne, after starting with a single London site seven year ago

    A budget gym business that started with a single site in west London seven years ago is to float on the stock market with a valuation of £250m.

    The Gym Group’s initial public offering will make £3m for its founder, John Treharne, at the share price of 195p announced on Monday. He will also keep a 3.5% stake worth another £9m and stay on as chief executive.

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