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

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

Summary

  • 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.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

Sports and gym activities

Valerii Apetroaiei/iStock via Getty Images

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

Gain Insight and actionable information on U.S. IPOs with IPO Edge research.

Members of IPO Edge get the latest IPO research, news, and industry analysis.

Get started with a free trial!

This article was written by

Donovan Jones profile picture
18.8K Followers
Author of IPO Edge
Get IPO Edge with actionable research on next-generation high growth stocks

I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. Start with a 14-day Free Trial.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This report is for educational purposes only and is not financial, legal, or investment advice. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or be removed at any time without notice. You should perform your own research for your particular financial situation before making any decisions. IPO investing can involve significant volatility and risk of loss.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.