The Gym Group Makes Stock Exchange Debut
Congratulations go to The Gym Group after officially becoming a listed company on the London Stock Exchange following a successful Initial Public Offering (IPO) on Monday 9th November. It marks a major milestone in the company’s development, having pioneered the UK low-cost gym sector by offering affordable, no-contract, flexible 24/7 gym membership with the opening of their first gym in 2008.
As one of the most exciting and fastest growing consumer businesses in the UK, The Gym Group has raised £125 million from new investors which will be used to support the continuation of its rapid growth strategy. Currently operating 67 gyms nationwide, The Gym Group plans to open between 15 and 20 gyms each year over the medium term and the flotation gives the business a valuation of approximately £250 million.