Hong Kong nutritional supplement distributor Fitness Fanatics applies for a US IPO aiming to raise USD 9 million
Hong Kong sports nutrition distributor Fitness Fanatics has submitted an IPO application to the U.S. Securities and Exchange Commission, planning to raise $9 million by issuing 2 million shares at a price range of $4 to $5, with an expected market capitalization of $143 million. The company was founded in 2016 and primarily sells sports nutrition products in Hong Kong and mainland China. It is expected to generate $19 million in revenue in 2024 and plans to list on NASDAQ under the stock code "FIT."
According to the Zhitong Finance APP, Fitness Fanatics (FIT.US), a sports nutrition product distributor headquartered in Hong Kong, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Monday, planning to raise up to $9 million through an initial public offering (IPO). The company intends to issue 2 million shares (of which 30% are secondary offering shares), with a price range set between $4 and $5. Based on the midpoint of the price range, the market capitalization will reach $143 million.
Fitness Fanatics primarily distributes and sells sports nutrition products in Hong Kong, mainland China, and Malaysia, with a wide and diverse sales channel covering gyms, supermarkets, convenience stores, membership-based warehouse stores, specialty stores, e-commerce platforms, and online markets. As of December 31, 2024, the company has over 1,000 sales points.
Founded in 2016, this Hong Kong company achieved revenue of $19 million in the 12 months ending December 31, 2024. The company plans to list on NASDAQ under the stock code "FIT." Fitness Fanatics filed confidentially on May 2, 2025, with Bancroft Capital serving as the exclusive bookrunner for this IPO
