OtherNov 3, 2026, 11:21 AM
Fitness Fanatics Ltd. Files for IPO of 7M Shares, Plans Nasdaq Listing
AI Summary
Fitness Fanatics Ltd. has filed an F-1 form for an initial public offering (IPO) of 7,000,000 ordinary shares, with an anticipated price range of US$4.00 to US$6.00 per share. The company plans to list on the Nasdaq Capital Market under the symbol "FIT", though this is contingent on successful listing approval. The filing details the company's structure, operations in Hong Kong, Mainland China, and Malaysia, and highlights significant risks associated with PRC regulations and potential delisting under the HFCA Act. Founder Ho Hin Shun is set to hold a substantial stake post-offering.
Key Highlights
- Fitness Fanatics Ltd. announces initial public offering of 7,000,000 ordinary shares.
- Offering price anticipated to be between US$4.00 and US$6.00 per ordinary share.
- Company intends to apply for listing on the Nasdaq Capital Market under the symbol "FIT".
- The offering is contingent upon successful listing on Nasdaq or another national securities exchange.
- Founder Ho Hin Shun will own 38.34% of voting power post-offering.
- Total shares outstanding post-offering expected to be 22,500,000 (or 23,550,000 with over-allotment).