Britain’s biggest gym operator is expected to consider alternatives for raising new capital amid suggestions that it may pull its proposed initial public offering.
Pure Gym, which has more than 500 clubs in the UK, Denmark, Switzerland and Poland, had been tipped to attract a valuation of up to £1.5 billion in a listing, according to Sky News, but market volatility may have put paid to its chances.
Analysts have suggested that the company has two main options: either it waits a few weeks to see if markets improve and it can revive its IPO; or it looks to private equity.
There was a sense of déjà vu in the City last night. Five years ago the chain announced plans to raise £190 million via