Life Time Group Holdings Unveils Major Secondary Stock Offering of 20 Million Shares

Life Time Group Holdings Announces Secondary Offering of Shares

Life Time Group Holdings, Inc. (NYSE: LTH), a leading wellness company, recently revealed plans for a significant secondary public offering of 20 million shares of its common stock. This offering indicates a strategic move within the company's financial structure and market positioning. The effort will see certain affiliates, specifically Leonard Green & Partners, L.P. and TPG Inc., act as the primary selling stockholders for this initiative.

As per the announcement dated June 5, 2025, the proceeds from this offering will exclusively benefit the selling stockholders. Life Time will not receive any portion of the proceeds from this transaction. This distinction is crucial for investors and analysts observing the impact of this offering on the company's overall market capitalization and share distribution.

After the completion of this offering, the voting group associated with Life Time, including the selling stockholders, is set to control approximately 43.1% of the company's common stock. This statistic is significant, reflecting the substantial influence that these affiliates will maintain over corporate decisions and governance moving forward.

The company emphasized that the offering remains subject to various market conditions and other factors, and as such, the timeline or the actual size and terms of the offering may evolve depending on these influences. J.P. Morgan and BofA Securities are designated to serve as the underwriters for this public offering, aligning themselves with Life Time’s commitment to ensuring a smooth sales process for this offering.

For potential investors and interested stakeholders, an automatic shelf registration statement filed with the Securities and Exchange Commission (SEC) on August 12, 2024, will govern the offering. This registration became effective immediately upon filing, establishing the groundwork needed to proceed with the public offering. Interested parties are encouraged to obtain detailed investment materials through the SEC's website or directly from the underwriters, which will include a prospectus supplement along with the main prospectus relating to the offering.

Importantly, the announcement highlighted that this press release does not constitute an offer to sell or solicit an offer to buy the securities involved. Furthermore, it noted the necessity for compliance with state or jurisdictional laws governing such actions before registration or qualification can take place, safeguarding both the company and prospective investors.

Life Time is well-known for its broad portfolio consisting of over 180 athletic country clubs situated across the United States and Canada. This vast network serves the health and wellness goals of individuals ranging from 90 days to over 90 years old, highlighting Life Time's commitment to promoting healthy living initiatives. The company's various programs, combined with its renowned nutritional supplements, solidify its status as a leader in the health and wellness sector.

In addition to the stock offering news, Life Time's recent accolades include their certification as a Great Place to Work®, reinforcing their commitment to cultivating a positive workplace culture for their extensive team of over 43,000 employees.

As Life Time navigates through this new financial undertaking, market watchers will certainly keep a keen eye on the progress and outcomes associated with the secondary offering. Stakeholders and potential investors alike will be closely monitoring how this move influences both the company's long-term growth trajectory and its immediate financial landscape.

Overall, this stock offering marks a pivotal moment for Life Time Group Holdings, positioning it to continue expanding its foundational principles of health, happiness, and community well-being in a competitive market landscape.