Australia markets open in 4 hours 10 minutes
  • ALL ORDS

    7,670.50
    -0.40 (-0.01%)
     
  • AUD/USD

    0.7382
    +0.0015 (+0.20%)
     
  • ASX 200

    7,394.30
    -0.10 (-0.00%)
     
  • OIL

    72.13
    +0.06 (+0.08%)
     
  • GOLD

    1,797.30
    -4.50 (-0.25%)
     
  • BTC-AUD

    53,927.26
    +7,107.01 (+15.18%)
     
  • CMC Crypto 200

    945.13
    +29.64 (+3.24%)
     

How to invest in Mark Wahlberg's $2bn F45 Training

·2-min read
An F45 Training gym with people working out and Mark Wahlberg working out at an F45 opening on a US army base
Popular Aussie gym F45 is set to launch on the US stock market tomorrow. If you want to invest like Mark Wahlberg, this is how you do it (Source: Getty)

Aussie gym franchise F45 Training is set to launch on the US Stock market in tonight's session with the initial public offering (IPO) set to value the company at around $2 billion.

F45 offers 45-minute fitness programs both in studios and directly to members at home. It was founded in 2013 in Australia, and now has 1,555 studios and 2,801 franchises across 63 countries.

If the IPO goes ahead as planned the gym will soon be listed on the New York Stock Exchange (NYSE) under the symbol FXLV.

What does Mark Wahlberg have to do with F45?

In 2019 Wahlberg purchased a minority investment in F45 Training giving the company a massive boost in popularity.

“Wahlberg’s involvement, leveraging his broad celebrity reach (with over 17 million Instagram followers) and well-known affinity for fitness, will continue to be a key differentiator in helping us to continue to drive growth,” F45 said in its IPO filing.

Wahlberg owns 26 per cent of MGIW who owns an F45 franchise and is on F45’s board.

MGIW reportedly plans to sell 1.6 million shares during the IPO, which would see the company earn around $23.3 million.

Which means Wahlberg could stand to make around $6 million overnight.

How to invest in F45

Should the IPO go ahead as planned in the US session you can be like Wahlberg and invest in the gym franchise yourself.

First, you will want to get yourself set up on an app or trading platform that gives you access to NYSE-listed shares.

Apps like eToro, Superhero, Robinhood etc all provide access to the US market. All you need to do is look up the ticker code (FXLV) and choose how much you’d like to invest.

Keep in mind that the price of a company on its IPO day can fluctuate a bit if there is a lot of hype so make sure you understand all the risks before investing.

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter. Subscribe to the free Fully Briefed daily newsletter.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting