The UK's largest gym chain, Pure Gym has announced plans for a stock market float to raise £190m, with a public share offer in October.
A flotation valuing the group at £500m was expected to launch in June, but a volatile market following the Brexit vote put the move on hold.
Founded in 2008, Pure Gym is now the largest operator in the £4.4bn UK health and fitness club market. Last year, the firm saw annual revenues of £125m and underlying earnings of £28m.
The company, which offers 24-hour access and does not tie users into lengthy contracts, operates 163 gyms and 786,000 members nationwide, and is looking to open 20 to 25 gyms a year.
