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And don't miss Gillian Tan on an awkward pose at YogaWorks: "At a mere $45 million, YogaWorks's market value is just a rounding error compared to other newly public companies like Snap Inc. and even rival publicly traded fitness chains like Planet Fitness Inc. That means it'll find the legal, accounting and other costs of being a public company harder to bear. Ironically, $45 million is the same valuation that the company fetched in a sale to its majority owner Great Hill Partners some three years ago, so the IPO -- at least so far -- appears to have backfired."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
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Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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