F45 is valued at $US1.4 billion ($NZ1.9 billion) after it was put up for $US325 million ($NZD463 million) in its initial public offering on the New York Stock exchange on Thursday local time. Considering Gilchrist holds 28.9 million shares in the company, that means he made around $US371 million ($NZD529 million) in one day. F45 said last week it was aiming to sell about 20.3 million shares priced between $US15 and $US17 apiece to raise up to $US345 million ($NZD492 million). The musician, valued at $US95 million ($NZ135 million), was spotted DJ-ing as F45 launched. The company's move into the stock exchange comes months after terminating a merger.

Source: New Zealand Herald July 16, 2021 08:15 UTC