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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Technogym IPO to take place on 3 May

Fitness equipment manufacturer Technogym, which is headquartered in Italy, has announced today (21 April) that it will debut on the Milan Stock Exchange on 3 May 2016.

Having filed the admission request to CONSOB (the Italian National Commission for Companies and the Stock Exchange) on 26 March, Technogym has confirmed that CONSOB approved the registration documents yesterday (20 April).

Salhouse Holding – a vehicle of Arle Capital, a minority shareholder in Technogym with 40 per cent of the company’s capital – intends to sell 50 million shares. It has granted the joint global co-ordinators an option to purchase up to 7.5 million additional shares under the greenshoe provision.

The 57.5 million shares correspond to 28.75 per cent of the total share capital of Technogym. The Alessandri family will retain the majority of 60 per cent share capital.

The price range has been set at €3.00–3.75 per share.

The offering to institutional investors will end on 28 April 2016, with Technogym then making its debut on the Milan Stock Exchange on 3 May.

“I believe that wellness represents a current economic mega-trend and a social opportunity for governments, operators and citizens,” said Technogym founder Nerio Alessandri in a statement.

He added: “At Technogym, we believe our IPO will help us strengthen and consolidate our managerial culture and support our international growth strategy.”

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Fitness equipment manufacturer Technogym, which is headquartered in Italy, has announced today that it will debut on the Milan Stock Exchange on 3 May 2016.
HAF
22491_989629.jpg
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News

Technogym IPO to take place on 3 May

Fitness equipment manufacturer Technogym, which is headquartered in Italy, has announced today (21 April) that it will debut on the Milan Stock Exchange on 3 May 2016.

Having filed the admission request to CONSOB (the Italian National Commission for Companies and the Stock Exchange) on 26 March, Technogym has confirmed that CONSOB approved the registration documents yesterday (20 April).

Salhouse Holding – a vehicle of Arle Capital, a minority shareholder in Technogym with 40 per cent of the company’s capital – intends to sell 50 million shares. It has granted the joint global co-ordinators an option to purchase up to 7.5 million additional shares under the greenshoe provision.

The 57.5 million shares correspond to 28.75 per cent of the total share capital of Technogym. The Alessandri family will retain the majority of 60 per cent share capital.

The price range has been set at €3.00–3.75 per share.

The offering to institutional investors will end on 28 April 2016, with Technogym then making its debut on the Milan Stock Exchange on 3 May.

“I believe that wellness represents a current economic mega-trend and a social opportunity for governments, operators and citizens,” said Technogym founder Nerio Alessandri in a statement.

He added: “At Technogym, we believe our IPO will help us strengthen and consolidate our managerial culture and support our international growth strategy.”

Sign up for FREE ezines & magazines
Fitness equipment manufacturer Technogym, which is headquartered in Italy, has announced today that it will debut on the Milan Stock Exchange on 3 May 2016.
HAF
22491_989629.jpg

News

Rockwell Group have unveiled designs for luxury hospitality and wellness amenities at Manhattan's 550 Madison
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A new product aimed at the ageing population is combining wearable fitness tech with artificial
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The latest edition of the highly-successful This Girl Can Campaign has been celebrated for its
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Royal Life Saving Society UK (RLSS)
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ukactive
ukactive
1 - 15 of 11,215
Features
Corporate wellness
Corporate wellness is getting on to the agenda of a growing number of companies, who appreciate the fact their employees are their number one asset. Kath Hudson reports
Features
Trends
Retreats are where boutique fitness is at in 2020. High-end operators are now designing packages to take their communities to inspiring locations, in order to escape everyday life and immerse themselves in exercise, mindfulness and relaxation. Kath Hudson reports
Features
Talking point
As we begin a new decade, will boutiques extend beyond the major cities? Will the budget boom continue? How will digital fitness impact the sector? Kath Hudson speaks to some of the industry’s big hitters to find out what 2020 could have in store
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Featured supplier: WEXO: The definitive cross training solution
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Featured supplier news
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Video Gallery
How to use the MZ-Bodyscan
MyZone
The Best Product for the Best Clubs Read more
More videos:
Company profiles
Company profile: Xponential Fitness LLC
Xponential Fitness is the world’s leading franchisor of boutique fitness studios, with a portfolio of ...
Company profiles
Company profile: MiE FitQuest
FitQuest (MiE Medical Research) are specialists in the field of human performance measurement. We have ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Fitness software
Go Do.Fitness: Fitness software
Management software
Fisikal: Management software
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Skincare
Sothys: Skincare
Audio visual
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Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
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