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IPO Report: A bunch of fitness companies have jumped into the IPO market this year. It’s not working out.

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Has the U.S. IPO market reached peak fitness?

It may have, based on Thursday’s market, which saw the latest fitness company to go public — Life Time Group Holdings — flounder in early trade, while another expected this week, iFit Health & Fitness, postponed its deal, citing adverse market conditions.

Life Time Group LTH, a Minnesota-based…

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