(Reuters) -iFIT Health & Fitness Inc postponed on Thursday its planned initial public offering, citing adverse market conditions, a day after the fitness equipment maker was scheduled to make its Nasdaq debut.
The Logan, Utah-based company, which was earlier known as ICON Health & Fitness, said it will continue to evaluate the timing for its IPO.
The company’s decision adds to increasing fears among investors over the volatility in capital markets, coming after a clutch of European companies, including France’s Icade Sante, putting their IPO plans on ice.
(Reporting by Sohini Podder and Noor Zainab Hussain in Bengaluru; editing by Uttaresh.V)
