APRN & SNAP are two big flops from recent IPOs. Now, Yogaworks join the stream.
YogaWorks Inc., YOGA, +0.00% is testing out the public market again, at a lower deal size, after pulling its initial public offering a few weeks ago.
YogaWorks is now proposing a share price of $5.50 to $6.50 a share to raise up to $47.5 million at the high end of its range, according to a filing Thursday.
It previously had a range of $12 to $14 a share, raising up to $70 million at the high end of its range. Now the company plans to sell 7.3 million shares, up from 5 million shares.
The company has been approved to list on the Nasdaq under the symbol “YOGA.” YogaWorks said in late July that it was pulling its IPO over “market conditions,” though the timing coincided with valuation cuts in other recent IPOs.