Planet Fitness Inc. filed for an initial public offering to raise up to $100 million. With its filing, Planet Fitness, a low-cost gym chain, aims to become a publicly traded company in two months or so.

To get into contact with a brokerdealer that can help you invest, click here.  Brokerdealer.com is a global database that can directly help you today.

Founded in its current form in 1992, the company was a pioneer in opening low-cost gyms meant to be friendlier to the average consumer rather than catering to hard-core fitness enthusiasts.Such was the company’s success that it eventually drew in as a partner the private equity firm TSG Consumer Partners, a specialist in consumer brands.

Last year, Planet Fitness reported $37.3 million in profit on $279.8 million in revenue, both up from a year earlier. In the prospectus, Planet Fitness listed a preliminary $100 million fund-raising target, a figure meant to determine listing fees.

It will eventually trade on the New York Stock Exchange under the ticker symbol PLNT.

The post Planet Fitness Sprints to Stock Markets appeared first on BrokerDealer Blog.