: Digital fitness platform Forme files for IPO

Forme, a digital fitness platform, filed for an initial public offering on Tuesday with plans to list on Nasdaq, under the ticker ‘TRNR.’ Aegis Capital Corp. is sole underwriter on the deal. Proceeds will be used for general corporate purposes and working capital, as well as marketing, technology development and capex. The company is loss-making and have revenue of $402,000 in the nine months to Sept. 30, up from $160,000 in the year-earlier period. “We are Forme, a digital fitness platform that combines premium connected fitness hardware products with personal training and coaching (from real humans) to deliver an immersive experience and better outcomes for both consumers and trainers,” the company says in its filing documents. The Renaissance IPO ETF IPO has fallen 46% in the last 12 months, while the S&P 500 SPX has fallen 14%.

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