US EditionLife Time Announces Pricing of Secondary Offering of 20,000,000 Shares of Common Stock
- On June 5, 2025, Life Time Group Holdings, Inc. Disclosed the pricing for an underwritten offering involving 20 million common stock shares sold by certain shareholders in Chanhassen, Minnesota.
- The offering was initiated by certain selling stockholders seeking to sell shares, with underwriting support from J.P. Morgan and BofA Securities.
- The shares offered are common stock of the Company, which operates over 180 athletic country clubs in the United States and Canada.
- The secondary offering is priced at $29.50 per share, expected to generate gross proceeds of $590,000,000 before underwriting discounts, all payable to the selling stockholders.
- The transaction is anticipated to finalize on June 6, 2025, contingent upon meeting standard closing requirements, with all sale proceeds going exclusively to the selling stockholders rather than Life Time.
Insights by Ground AI
Does this summary seem wrong?
18 Articles
18 Articles
All
Left
Center
9
Right
Coverage Details
Total News Sources18
Leaning Left0Leaning Right0Center9Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
