Life Time Group Holdings Inc. has announced a secondary offering of 20,000,000 shares of its common stock. The shares will be sold by affiliates of Leonard Green & Partners, L.P. and TPG Inc., with the selling stockholders receiving all proceeds from the offering. Following the sale, the company's voting group, including the selling stockholders, will retain approximately 43.1% of the company's common stock. The offering is being managed by J.P. Morgan and BofA Securities, and is subject to market conditions.
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