04 Oct '11, 8am

Fitness First joins chain of IPO delays due to financial turmoil: Fitness First had planned its Singapore listin...

Fitness First joins chain of IPO delays due to financial turmoil: Fitness First had planned its Singapore listin...

Fitness First had planned its Singapore listing for the fourth quarter of this year, the Wall Street Journal reported, but may now look to tap the market next year, although the timing has not been decided. -- PHOTO: FITNESS FIRST By Robin Chan The proposed US$500 million (S$650 million) listing of Fitness First in Singapore has become the latest casualty of the global financial turmoil. Fitness First had planned its Singapore listing for the fourth quarter of this year, the Wall Street Journal reported, but may now look to tap the market next year, although the timing has not been decided. Fitness First, whose website says it has more than 490 clubs and 1.3 million members in 18 countries, is owned by London-based buyout firm BC Partners, which acquired the business for €1.2 billion (S$2.1 billion) in 2005. It had originally planned to commence a roadshow of investor pres...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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