Be ready for the Mindbody IPO
Mindbody, which went public in 2015 and was taken private in 2019, plans to return to the public market within 12–18 months, with Goldman Sachs as the lead banker. Start your analysis today with Daloopa.
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Mindbody IPO Schedule
Filing Date
As of now, Mindbody has not publicly filed its IPO registration statement. The company aims to be IPO-ready within the next 12 to 18 months, as announced in August 2024.
Roadshow Dates
Specific dates for Mindbody’s IPO roadshow have not been publicly disclosed. Typically, such roadshows occur in the weeks leading up to the IPO to attract potential investors.
Pricing Date
The final IPO price is expected to be determined shortly before the listing date, following the completion of the roadshow and investor consultations.
Listing Date
Mindbody plans to go public within the next 12 to 18 months from August 2024, indicating a potential listing date between August 2025 and February 2026.
Closing Date
The IPO offering period is anticipated to close shortly after the listing date, once all allotted shares have been sold and transactions settled.
Additional Information
Underwriters
Mindbody has retained Goldman Sachs as its lead banker for the IPO. The selection of additional underwriters has not been disclosed.
Use of Proceeds
While specific allocations have not been publicly detailed, it is expected that the funds raised from the IPO will be utilized for shareholder liquidity and potential mergers and acquisitions.
Major Shareholders
Key stakeholders in Mindbody include:
- Vista Equity Partners: The largest shareholder, having acquired Mindbody in 2019 for $1.9 billion.
- Fritz Lanman: Chief Executive Officer.
- Investors: Notably, L Catterton, Temasek, General Catalyst, and Thrive Capital.
Valuation
In 2021, the combined entity of Mindbody and ClassPass was valued at approximately $3 billion. Recent reports suggest that Mindbody is targeting a valuation of up to $5.16 billion for its IPO, though this figure is not officially confirmed.
Oversubscription
Information regarding potential oversubscription of Mindbody’s IPO will become available closer to the offering date, based on investor demand during the roadshow.
Mindbody Valuation & Financials
Valuation Metrics
Pre-IPO Valuation
As of 2021, the combined entity of Mindbody and ClassPass was valued at approximately $3 billion. Recent estimates suggest a higher valuation for the IPO.
Price-to-Earnings (P/E) Ratio
Specific P/E ratio information is not available, as Mindbody remains a privately held company.
Enterprise Value
The enterprise value will be determined based on the IPO valuation and capital structure at the time of listing.
Financial Statements
Revenue
Mindbody ClassPass is expecting to achieve a 20% growth in revenue for 2024, reaching around $500 million.
Net Income
Specific net income figures are not available. The company has indicated that both Mindbody and ClassPass are profitable.
Cash Flow and EBITDA
Detailed information on cash flow and EBITDA is not publicly available.
Mindbody IPO Prospectus
Link to SEC Filings
As Mindbody has not yet filed for an IPO, there are no SEC filings available at this time.
Summary of Prospectus Key Points
Key details will be provided upon the public release of an official prospectus, expected closer to the IPO date.
Mindbody Market Cap
Mindbody’s market capitalization will be determined once the IPO is completed and the shares commence trading.
Mindbody Stock Price
As a privately held company, Mindbody does not have a publicly traded stock price. Post-IPO stock performance will be monitored upon listing.
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