Life Time Group Holdings, Inc. (NYSE: LTH) announced the closing of its initial public offering of 39,000,000 shares of its common stock at a public offering price of $18.00 per share, resulting in total gross proceeds of $702,000,000 before deducting the underwriting discounts and other offering expenses. The shares of Life Time’s common stock began trading on The New York Stock Exchange under the symbol “LTH” on October 7, 2021.
In addition, the underwriters have been granted a 30-day option to purchase up to an additional 5,850,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
Goldman Sachs & Co. LLC, Morgan Stanley (in alphabetical order) and BofA Securities are acting as joint lead book-running managers for the proposed offering. Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, BMO Capital Markets Corp., Mizuho Securities USA LLC and RBC Capital Markets, LLC are acting as joint book-running managers, and Guggenheim Securities, LLC, Oppenheimer & Co. Inc., BTIG, LLC, TPG Capital BD, LLC, AmeriVet Securities, Inc., Blaylock Van, LLC and Siebert Williams Shank & Co., LLC are acting as co-managers for the offering.
A registration statement on Form S-1 relating to the offering of these securities was declared effective by the Securities and Exchange Commission on October 6, 2021. The offering was made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, prospectus-ny@ny.email.gs.com, Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 and BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Dg.prospectus_requests@bofa.com.
