Basic-Fit (ticker symbol:BFIT), the largest “value-for-money” fitness club operator in Europe as measured by number of clubs, began trading today on the Amsterdam market of Euronext, after its successful Initial Public Offering (IPO).
Basic-Fit’s total offering value was € 400 million. Market capitalisation at opening was approximately € 820 million.
Basic-Fit is active in the large and growing European fitness market. The company has various levers for future growth and already denotes a track record of new club openings and a strong and visible pipeline of clubs scheduled to open in 2016 and 2017, supporting its roll-out plans. Besides its growth ambitions, Basic-Fit aims to be the preferred fitness brand in Europe.
René Moos, CEO of Basic-Fit, said:“We are very excited to have reached this important milestone for the company. Together with our shareholders, employees and advisors, we worked hard to accomplish this. The listing on Euronext Amsterdam will help us to execute our growth strategy and to offer more and more people our “value-for-money” high-quality fitness experience. We welcome our new shareholders and are thankful for their trust in our company.”
René Moos, CEO of Basic-Fit, celebrated the company’s IPO and listing on Euronext by sounding the gong in Amsterdam.
