Life Time Group Holdings, Inc., a leading lifestyle brand offering premium health, fitness, and wellness experiences, has announced the pricing of its initial public offering of 39,000,000 shares of its common stock, at a public offering price of US$18.00 per share. Shares of Life Time common stock are expected to begin trading on The New York Stock Exchange under the symbol LTH on October 7, 2021. The offering is expected to close on October 12, 2021, subject to the satisfaction of customary closing conditions. 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.
Latham & Watkins LLP represents Life Time in the offering with a capital markets team led by Washington, D.C. and New York partner Jason Licht, with Washington, D.C. associates Jessica Lennon, Isabel Rivera, and Thalia Garcia. Advice was provided on corporate matters by New York partners Howard Sobel and John Giouroukakis, with New York associate Dianna Lee; on benefits & compensation matters by New York partner Austin Ozawa, with New York associates Alisa Hand and Jaye Han; on tax matters by Chicago partners Joseph Kronsnoble and Rene de Vera, with Chicago associate Chris Ohlgart; and on public company representation matters by Washington, D.C. partner Brian Miller, with Washington, D.C. associates Will Hackett and Sara Almousa.