We advised Xponential Fitness on its concurrent IPO, NYSE listing and convertible preferred offering

Davis Polk advised Xponential Fitness, Inc. on its $120 million initial public offering of 10,000,000 shares of Class A common stock and its concurrent $200 million convertible preferred offering of 200,000 shares of convertible preferred stock. The shares of Class A common stock are listed on the New York Stock Exchange under the symbol “XPOF.”

Xponential Fitness, Inc. is a curator of leading boutique fitness brands across multiple verticals. Through its mission to make boutique fitness accessible to everyone, Xponential Fitness, Inc. has built and curated a diversified platform of nine boutique fitness brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running and yoga.

The Davis Polk capital markets team included partner Alan F. Denenberg, counsel Jason Bassetti and associates Ali DeGolia, Sherry Tan and Elsie Cheang. The tax team included partner Michael Mollerus and associates Elina Khodorkovsky and Eitan Ulmer. The finance team included partner David Hahn. 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.