Benzinga | Jul 23, 2021 10:00AM EDT

Xponential Fitness Prices Downsized IPO Below Expected Range

* Xponential Fitness Inc (NYSE:XPOF), a fitness franchiser, has announced the pricing of its initial public offering (IPO) of 10 million shares at $12 per ordinary share.

* It had earlier expected to sell 13.3 million shares at $14 to $16 per share.

* The underwriters of the offering have a 30-day option to purchase up to an additional 1.5 million ordinary shares.

* The company's shares will begin trading today on the New York Stock Exchange under the ticker symbol XPOF.

* It expects the offering to close on July 27, 2021.