Xponential Fitness $103.5 million secondary offering
Davis Polk advised Xponential Fitness, Inc. in connection with an SEC-registered secondary offering of 5,175,000 shares of Class A common stock by certain selling stockholders for approximately $103.5 million in total gross proceeds, including 675,000 shares purchased pursuant to the full exercise of the underwriters’ option to purchase additional shares. The Class A common stock is listed on the New York Stock Exchange under the symbol “XPOF.”
Xponential Fitness is the largest global franchisor of boutique fitness brands. It has built and curated a diversified platform of 10 boutique fitness brands spanning across verticals including pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training and yoga.
The Davis Polk capital markets team included partner Alan F. Denenberg, counsel Jason Bassetti and associates Ali DeGolia, Claire A. Bacon and Michelle Zhang. The tax team included partner Michael Mollerus, counsel Elina Khodorkovsky and associate Eitan Ulmer. The executive compensation team included partner Adam Kaminsky. Members of the Davis Polk team are based in the Northern California, New York and Washington DC offices.