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Corporation
LEISURE | Sports & Recreation / Fitness
smartfit.com.br

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Founded Year

2009

Stage

IPO | IPO

Total Raised

$284.09M

Date of IPO

7/16/2021

About Smartfit

Smartfit offers a network of fitness centers based in Brazil.

Smartfit Headquarter Location

Avenida Paulista, 1294 Andar 02

Sao Paulo, 01310-100,

Brazil

55-11-3365-0800

Latest Smartfit News

SmartFit’s R$2.3 Billion Initial Public Offering

Jul 26, 2021

Simpson & Thacher advised SmartFit Escola de Ginástica e Dança S.A on the deal. SmartFit Escola de Ginástica e Dança S.A. (“SmartFit”) has completed its initial public offering on the São Paulo Stock Exchange (B3) at a public offering price of R$23 per common share. The offering raised R$2.3 billion in gross proceeds (excluding the underwriters’ over-allotment option) to SmartFit. The common shares were offered to certain qualified institutional buyers under Rule 144A in the United States and to non-U.S. persons outside the United States in reliance upon Regulation S. SmartFit’s common shares began trading on the B3 under the ticker symbol “SMFT3” on July 14, 2021. SmartFit operates the fourth largest network of gyms in the world and the largest gym network outside of the United States of America, in terms of number of customers. SmartFit is present in 13 countries throughout Latin America and is the market leader in Brazil, Mexico and the Andean region (Colombia, Chile and Peru) in number of active customers. The Simpson Thacher team included Grenfel S. Calheiros (Picture), Luiz F. Noronha and Alexandre Portnoi (Capital Markets); and Jonathan Cantor and Suzy Yaster (Tax).

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