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Life Time announces the price of its initial public offering

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Posted: October 6, 2021 at 7:08 p.m. EDT|Update: 12 hours ago

CHANHASSEN, Minnesota., October 6, 2021 / PRNewswire / –Life Time Group Holdings, Inc. (“Life Time”) today announced the price of its initial public offering of 39,000,000 common shares, at a public offering price of $ 18.00 per share. The lifetime common shares are expected to begin trading on the New York Stock Exchange under the symbol “LTH” on. October 7, 2021. The offer is expected to close on 12 October 2021, subject to the satisfaction of the usual closing conditions.

Life Time, Inc. (PRNewsfoto / Life Time, Inc.)
Life Time, Inc. (PRNewsfoto / Life Time, Inc.)

In addition, the underwriters have been granted a 30-day option to purchase up to 5,850,000 additional common shares at the initial public offering price, less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, Morgan Stanley (in alphabetical order) and BofA Securities are acting as co-book managers for the proposed offering. Deutsche Bank Securities Inc., JP Morgan Securities LLC, Wells Fargo Securities, BMO Capital Markets Corp., Mizuho Securities United States LLC and RBC Capital Markets, LLC act as co-book managers, and Guggenheim Securities, LLC, Oppenheimer & Co. Inc., BTIG, LLC, TPG Capital BD, LLC, AmeriVet Securities, Inc., Van blaylock, LLC and Siebert Williams tail & Co., LLC act as co-managers of the offering.

A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission on October 6, 2021. The offer is being made only by means of a prospectus. Copies of the final prospectus relating to this offering, when available, may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York State 10282, [email protected], Morgan Stanley & Co. LLC, Attn .: Prospectus Department, 180 Varick Street, 2sd Ground, New York, New York State 10014 and BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Ground, Charlotte, North Carolina 28255-0001, [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About the service life
For nearly 30 years, Life Time has reshaped the way consumers approach their health through healthy lifestyle, omnichannel communities that address all aspects of a healthy lifestyle, healthy aging and healthy living. healthy entertainment. More than 30,000 Life Time professionals are dedicated to delivering the best programs and experiences in more than 150 Life Time sports resort destinations in United States and Canada, and through a comprehensive and complementary digital platform and portfolio of iconic sporting events, all with the goal of inspiring healthier and happier lives.

Caution Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements, in particular with regard to the closing of the initial public offering. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties which may cause the actual results, performances or achievements of Life Time to differ materially from the future results, performances or achievements expressed or implied by these forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements and, except as required by law, Life Time assumes no obligation and does not intend to update or revise such forward-looking statements, that whether as a result of new information, events, or whatever.

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