Life Time Announces IPO Pricing

CHANHASSEN, Min., Oct 6 2021 /PRNewswire/ –Life Time Group Holdings, Inc. (“Life Time”) today announced the price of its initial public offering of 39,000,000 common shares, at a public offering price of $18.00 per part. Shares of Life Time common stock are expected to begin trading on the New York Stock Exchange under the symbol “LTH” at October 7, 2021. The offer is expected to close on October 12, 2021, provided that the usual closing conditions are met.

In addition, the underwriters have been granted a 30-day option to purchase up to 5,850,000 additional common shares at the initial public offering price, less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, Morgan Stanley (in alphabetical order) and BofA Securities are acting as joint lead book-running managers for the proposed offering. Deutsche Bank Securities Inc., JP Morgan Securities LLC, Wells Fargo Securities, BMO Capital Markets Corp., Mizuho Securities USA LLC and RBC Capital Markets, LLC are acting as joint book-running managers, and Guggenheim Securities, LLC, Oppenheimer & Co. Inc., BTIG, LLC, TPG Capital BD, LLC, AmeriVet Securities, Inc., Blaylock Van, LLC and Siebert Williams Shanko & Co., LLC are acting as co-administrators of the offering.

A registration statement on Form S-1 with respect to these securities was declared effective by the Securities and Exchange Commission on: October 6, 2021. The offer is made only by means of a prospectus. Copies of the final prospectus relating to this offering, if available, may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, [email protected], Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2^nd Floor, New York, NY 10014 and BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3^rd Floor, Charlotte, North Carolina 28255-0001, [email protected].

This press release does not constitute an offer to sell or a solicitation of an offer to purchase these securities, nor will there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Lifetime
For nearly 30 years, Life Time has reshaped the way consumers approach their health through omnichannel, healthy way of life communities that cover all aspects of healthy living, healthy aging and healthy entertainment. More than 30,000 Life Time professionals are committed to providing the best programs and experiences at more than 150 Life Time athletic resort destinations in the United States and Canada, and through a complementary, comprehensive digital platform and portfolio of iconic sporting events, all with the aim of inspiring healthier, happier lives.

Warning Regarding Forward-Looking Statements
Certain statements in this press release are forward-looking statements, including with respect to the closing of the IPO. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe that these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that could cause the actual results, performance or performance of Life Time to differ materially from any future results, performance or performance expressed or implied in these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and, except as required by law, Life Time assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

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SOURCE Life Time, Inc.