PureGym has regained membership levels even before the pandemic
PureGym, a leading UK gym chain, is weighing its IPO as it is about to expand its business even further.
With the support of American Private Equity Company Leonard Green & Partners, PureGym is considering the best ways to raise funds, including the “open market.”
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In the update, PureGym says it is in a strong position to take advantage of its recovery from the pandemic, but some of its competitors are suffering from the demands presented by the pandemic. Its ambition is to not only open new locations across the UK, but also invest in new sites.
The demand for gym memberships is mini-squirrels during the pandemic, which encourages PureGym to take this positive view.
PureGym has regained all of its membership levels before the pandemic, but the total number of visitors in June was 91% of the level seen in the same month two years ago.
A company spokesperson said: “The Covid-19 pandemic has made people more important based on health and well-being, and both reopening and member response to new joiner rates indicate that the fundamental demand for gyms remains strong. ”
