NordicTrack Maker Icon Taps Morgan Stanley, BofA For IPO
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Icon Health & Fitness Inc. is exploring an initial public offering that could value the exercise-machine maker at more than $7 billion, according to people familiar with the matter.
The Logan, Utah-based company is working with Morgan Stanley and Bank of America Corp. on a potential listing that could come this year, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and the company’s plans could change, the people said.