Fitell Proposes Terms For $20 Million U.S. IPO

Nov. 30, 2022 10:10 PM ETFitell Corporation (FTEL)


  • Fitell Corporation has filed for a $20 million U.S. IPO to sell company stock and some of the stock of its controlling shareholder.
  • The firm sells gym equipment and provides other services in Australia.
  • FTEL has grown revenue moderately and is at earnings breakeven, but faces an economic slowdown ahead.
  • I'm on Hold for the FTEL IPO.
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Sports and gym activities

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A Quick Take On Fitell Corporation

Fitell Corporation (FTEL) has filed to raise $20 million in gross proceeds from the sale of its common stock and controlling shareholder stock in an IPO, according to an

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