Life Time Group Holdings, Inc. reported that the previously announced underwritten secondary offering of 20 million shares of the company’s common stock by certain selling stockholders will result in total gross proceeds of $590 million, before deducting underwriting discounts and commissions, equating to $29.50 per share. LTH shares opened Thursday, June 5 at $29.00 per share on the NYSE.
The offering is expected to close on June 6, 2025, subject to the satisfaction of customary closing conditions. The selling stockholders will receive all of the proceeds from the proposed offering.
J.P. Morgan and BofA Securities are serving as the underwriters for the proposed offering. The underwriters propose to offer the shares to the public from time to time at a fixed price.
Life Time operates more than 180 athletic country clubs across the U.S. and Canada.
Image courtesy Life Time Group Holdings, Inc.
