Gymshark in talks with investors about future IPO

Gymshark has announced that serial entrepreneur Gary Vaynerchuk is joining the retailer as an advisor to the board.
"I'm absolutely buzzing to have Gary join us as an advisor to our board." : Gymshark CEO.

Gymshark is reportedly in talks with banks and investors about a future IPO.

The company’s founder Ben Francis, as well as its private equity backers have begun plans for a stock market listing, just over a year after it hit a £1 billion valuation.

Gymshark has expressed ambitions to expand into a much broader range of health-related products.

READ MORE: Gymshark founder Ben Francis to return as CEO

An announcement could come in the next few months, Sky News reported.

Francis sold a 21 per cent stake to the US private equity firm General Atlantic last year in a move that he said would help to accelerate its expansion in the US and Asia.

He retains a controlling stake in the company.

Francis recently returned as chief executive of Gymshark as the company expanded into the US and Asia.

Gymshark said it regularly speaks to financial institutions to ensure it is connected to the business world.

General Atlantic said it is working with Ben and the team to build Gymshark into a global leader.

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