iFIT Health & Fitness Inc (iFIT), Logan, Utah, has filed an S-1 form with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of its common stock, the company announced on Aug. 31.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. iFIT intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol IFIT.

iFIT reported $1.7 billion in sales for the 12 months ended May 31, 2021, a 105 percent increase from the same period last year. However, its net loss increased from $98.5 million to $516.7 million. The filing notes that the company could seek to raise up to $100 million in the IPO, but Renaissance Capital Partners estimates the IPO could raise $800 million.

The company previously was known as ICON Health & Fitness until it changed its name to iFIT Health & Fitness Inc. in June. The change also impacted Freemotion Fitness, one of the companies under the iFIT brand, resulting in a change to its name to Freemotion from iFIT. Other brands under iFIT include Nordic rack, ProForm and Weider. In July, it acquired 29029, a producer of endurance hiking events that mimic climbing Mount Everest, and also that same month, it acquired Sweat, a platform for women’s health and fitness,

At that time, the Wall Street Journal reported that the company was eyeing an IPO, stating that iFIT’s most recent round of funding in late 2020 put the company’s value at more than $7 billion.

iFIT is the company’s proprietary software platform, and the name changes reflected the company’s commitment to delivering an omnichannel fitness service through personalized, connected health and fitness experiences, the company said at the time of the changes.

iFIT offers connected fitness software, content and equipment. Its fitness and well-being subscription offering has more than six million members in more than 120 countries. It offers immersive, adaptive, personalized workout experiences for every fitness level and interest through live and on-demand content across a range of connected fitness modalities.

One of iFIT’s competitors is Peloton, which went public in September 2019. Peloton finalized its purchase of Precor for $420 million on April 1.

iFIT and Peloton aren’t the only public fitness companies. Three other companies recently joined them.

Beachbody Company Group finalized its three-way merger with Myx Fitness Holdings LLC and Forest Road Acquisition Corp. on June 25 and began trading on the New York Stock Exchange (NYSE) on June 28 under the symbols BODY and BODY WS.

On July 15, F45 Training, which counts actor Mark Wahlberg as one of its board members and franchisees, began trading on the NYSE under the symbol FXLV.

Xponential Fitness, which is an aggregator of nine boutique studio brands that include Club Pilates and CycleBar, began trading on the NYSE under the symbol XPOF on July 23.

Planet Fitness has been a public company since 2015.