Saving on Gym Memberships
Top Discounted Gym Memberships in the CountryDiscount gyms offering affordable memberships and endless rows of cardio machines are exploding in number and popularity, and one prominent chain may even soon go public. On May 26, Planet Fitness, a fast-growing chain owned by private equity firm TPG Consumer Partners, filed draft documents for an initial public offering. The submission to the Securities and Exchange Commission doesn't disclose what ticker symbol the company would be listed, and the number of shares to be sold and the price range have yet to be determined, according to Planet Fitness.
Should Planet Fitness raise cash via an IPO, it would be well-positioned to expand even more aggressively in what remains a very fragmented gym facility industry. According to research firm IBIS World, the 50 largest gym companies in the country together control only about 30 percent of the market, and there are only a dozen or so compa…