Massage-Chair Maker Plans to Offer Stock
From Dow Jones/Associated Press
Interactive Health Inc., a leading maker of high-end massage chairs, plans to go public in an initial stock offering worth up to $80 million, according to a regulatory filing Thursday.
The Long Beach company’s chairs range in price from $600 to more than $3,000.
Proceeds from the offering will be used to redeem debt, for working capital and other general corporate purposes, according to the Securities and Exchange Commission filing.
Details about the number of shares offered and the price range weren’t disclosed. The shares are expected to be listed on the Nasdaq Stock Market under the symbol IHTT.
