Therabody stock is not available on the stock market at this very moment. However, many Americans are keeping a close watch on this growing tech wellness company. It has a long list of famous investors. Is a Therabody IPO coming in the near future? Let’s take a closer look at this innovative company.
Therabody IPO Potential: Is Therabody Stock on the Way?
Therabody is quickly becoming a household name for its wellness products and celebrity investors. Formerly known as Theragun, the company is making headlines due to its global growth and its massage therapy device.
The Theragun became the world’s first handheld percussive massage therapy device in 2008. Therabody markets its premier product as an alternative to surgery or pain medication.
Just 12 years later, is Therabody stock on the way? In fact, the company has evolved into an industry-leader that has a family of products. These products focus on fitness, recovery and pain management. But the company’s private investments and massive growth has many investors worried a public offering isn’t in the cards anytime soon.
As you may have expected, athletes recognized the value of these products for their workout and training regimens. Many top athletes began using the Theragun and investing in the company. For example, notable athlete investors include NFL quarterbacks Aaron Rodgers, Josh Allen and Russell Wilson.
And athletes aren’t the only celebrities to get involved. The growing list of famous investors also includes hip hop icons Jay-Z and Rihanna. You can add actor Kevin to that list as well.
Still, a Therabody IPO may not be coming anytime in the near future. Only time will tell, but Therabody has a group of powerful investors and marketers. It’s in no rush to go public on the stock market.
What to Expect: The Future of Therabody
It doesn’t look like Therabody stock is coming to the market. But the company is destined to continue growing.
Wellness technology is advancing rapidly and Therabody is at the forefront of this growth. Celebrities are obsessed with its products and the rest of America is beginning to take notice.
And who can blame them? The Theragun has made it possible for you to get a deep-tissue massage at home. However, what can you expect from Therabody going forward?
On February 17, 2021, Therabody announced it had raised equity from more than 100 names in sports, business, culture and entertainment. This new round of investments will “advance innovation and accelerate global growth.”
“To have such a significant number of premiere athletes, entrepreneurs, and celebrities invest in our company is both an honor and a testament to the validity of Therabody’s products and mission,” explained CEO Benjamin Nazarian…
Therabody has grown exponentially not only because of our commitment to efficacy and research, but because of the trust that our customers have in what we develop. Our investors not only see the value in taking care of their bodies naturally, but they are investing in both the industry and in a brand that they believe is creating impact. We’re fortunate to be working with some of the strongest and smartest people in the business, across various professions, and look forward to further revolutionizing health and recovery.
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Celebrity investments are fueling the fire behind many growing companies. You aren’t the only one waiting for Therabody stock to hit the market.