Gym operator Planet Fitness plans to go public

May 26, 2015 9:01 PM

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Gym operator Planet Fitness plans to go public

Planet Fitness, the company known for its low-cost purple-and-yellow gyms, plans to go public.

The company said Tuesday that it filed a "draft registration statement" to the Securities and Exchange Commission for an initial public offering. The filing is confidential and the paperwork is sealed from the public. Under the law, companies that have revenue under $1 billion are able to submit con...

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