Alta Global Group, a company headquartered in Manly, Australia, is making preparations for its inaugural debut on the stock market. The company, which provides martial arts and combat sport training through partner gyms, has disclosed its intention to generate $10 million through an initial public offering (IPO). This will be achieved by issuing 2 million shares within a price range of $4 to $6. If all unfolds according to plan, Alta Global Group could potentially have a fully diluted market value of $61 million. Undoubtedly, this period marks an exhilarating phase for the company and its stakeholders.
The fitness programme provider delivers a comprehensive array of martial arts and combat sports through its platform. This encompasses popular initiatives such as the Warrior Training Program, UFC Fight Fit Program, Alta Academy, and the Alta Community. While the company has garnered success with its Warrior Training Program, it continues to broaden its reach and diversify its offerings. Partner gym communities affiliated with Alta Global Group encompass various disciplines in martial arts and combat sports, catering to a diverse audience of fitness enthusiasts. Since 2018, the company has effectively executed over 206 programmes on a global scale, drawing in excess of 5,100 participants to its Warrior Training Program.
Established in 2013, Alta Global Group has experienced consistent growth and most recently reported revenue of $1 million for the 12 months ending June 30, 2023. Presently, the company is gearing up to make its presence felt on the NYSE American under the symbol “MMA” in the foreseeable future. The sole bookrunner for this remarkable venture is the investment banking firm, ThinkEquity.
It is anticipated that investors and fitness enthusiasts alike will monitor Alta Global Group closely as it progresses towards its IPO. The company’s distinctive approach to martial arts and combat sports training, coupled with its impressive track record, renders it an alluring prospect for those seeking involvement in the fitness industry. Stay tuned for further updates as Alta Global Group’s IPO unfolds.