UPDATE 1-Peloton rival iFIT postpones IPO on adverse market conditions

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Oct 7 (Reuters) – iFIT Health & Fitness Inc postponed on Thursday its planned initial public offering, citing adverse market conditions, a day after the fitness equipment maker was scheduled to make its Nasdaq debut.

The Logan, Utah-based company, which was earlier known as ICON Health & Fitness, said it will continue to evaluate the timing for its IPO.

The company’s decision adds to increasing fears among investors over the volatility in capital markets, coming after a clutch of European companies, including France’s Icade Sante, putting their IPO plans on ice. (Reporting by Sohini Podder and Noor Zainab Hussain in Bengaluru; editing by Uttaresh.V)

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