We advised the underwriters on the IPO and NYSE listing

Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 39,000,000 shares of common stock of Life Time Group Holdings, Inc. at $18.00 per share, for total gross proceeds of approximately $702 million. The common stock is listed on the New York Stock Exchange under the symbol “LTH.”

Life Time, the “Healthy Way of Life Company,” is a leading lifestyle brand offering premium health, fitness and wellness experiences to a community of nearly 1.4 million individual members. Life Time delivers high-quality experiences through its omni-channel physical and digital ecosystem that includes more than 150 centers—distinctive, resort-like athletic destinations—across 29 states in the United States and one province in Canada.

The Davis Polk capital markets team included partner Michael Kaplan, counsel Jennifer Ying Lan and associates Jordyn Giannone and Alexis N. Wallace. Counsel Michael Comstock provided environmental advice. The tax team included partner Mario J. Verdolini and associates Dov Sussman and Jacob M. Donnelly. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk deal team are based in the New York office.