IPOs are 🔥 again. Check out TRNR

Editor’s note: IPOs are starting to heat up again. Check out this brand-new idea that just started trading! --------------------------------------------------------------- *Sponsored by Lifewater Media. Please see disclosures below When it comes to trading IPOs, you can expect a lot of volatility.  There are insiders or VC’s who bought in early that are looking to sell out of the gate, which is understandable. You also have a whole new round of investors who are looking to make their first purchase of the stock. That tug-o-war can cause some wild swings, especially with a small-cap stock like TRNR. Now, that also ends up creating a lot of opportunities as well. I mean, just look at the swings yesterday. There were multiple opportunities at nearly 15% just in a single day here. TRNR is going to continue to be a wild stock to keep on your radar. I expect that there will be a lot of explosive action around this name for quite some time. Remember, TRNR is refining the entire home fitness movement with live, personalized training sessions and best-in-class equipment options. To me, it sounds like what you would get if you pulled the best parts of Spotify and Peloton and merged them together. (imagine getting LIVE coaching, in your living room?) This is a super-hot idea that is extremely timely right now. Make sure you look into everything going on here – and especially keep an eye on TRNR stock… it’s a fun one to watch! Below are the highlights from the email I sent you yesterday, just in case you missed it… _____________________________________________ As the market is firming up this year, we are seeing more and more smaller IPOs make their debut. In fact, I just saw this article on Bloomberg this weekend highlighting that point… And the signs of life couldn’t be more obvious right now. While there have been some stumbles out of the gate, there have also been some incredible winners so far this year that you probably haven’t seen. Like TCJH. It went public @ $4 just a couple of weeks ago, and then on Friday last week it hit $8 for a 100% move higher. Were you watching GNLX when it came to market in February @ $6 a share? That stock rallied all the way to $30 just a few weeks after that, which showed early investors a gain of over 365% from the IPO price. And a few weeks ago, in March, a little-known transport company called BANL went public @ just $4 a share. A few weeks later those same shares were trading for over $20, for a massive 400% move higher! While there haven’t been any “big name” IPOs hit the market this year, I think it is safe to say that there have been some incredible opportunities so far. That brings me to a new idea that just went public on Friday last week that I want to bring to your attention. That stock is Interactive Strength (Nasdaq: TRNR) Clever ticker symbol by the way, “TRNR” is short for “Trainer,” and you’ll see in a few moments why that is so fitting. TRNR went public at $8, and the stock had a dip out of the gate. That means the stock is already trading at a discount to the offering price, and it creates a unique opportunity to look at. TRNR has created an all-in-one smart home gym designed to connect people with real, elite coaches in all areas of fitness and wellness, including personal training and specialized sport instruction, nutrition, sleep, mindfulness, and injury rehabilitation. TRNR operates “ForMe” – a digital fitness platform that combines premium connected fitness hardware products with personal training and coaching (from real people!) to deliver an immersive experience and better outcomes for both consumers and trainers. Here is a snapshot of of their in-house trainers available right now (borrowed from their [investor deck]()… TRNR wants to be the pioneer brand in the emerging sector of virtual personal training and health coaching and that our products and services are accelerating a powerful shift towards outcome-driven fitness solutions TRNR offers two connected fitness hardware products, the Forme Studio (fitness mirror) and the Forme Studio Lift (fitness mirror and cable-based digital resistance) From everything I see so far, Peloton, Tonal, and Mirror all have some serious competition now! Here is how the valuations of the “big 3” above look, just for comparison: Even after collapsing from $150 to around $8 right now, Peloton (PTON) still has a market cap of over $3 BILLION. Tonal is still private, but they [raised]( $130M at a roughly $550M valuation. Mirror was bought during the pandemic by Lululemon for around $500 million. Right now, with the discount to the IPO price, TRNR has a [valuation]( of roughly $90 million, relatively peanuts compared to their larger competitors, who are many years ahead of them and are now slower growing. Here is a great graphic pulled from the investor deck showing where TRNR stands today relative to where the other 3 were at similar stages of their growth: After doing my homework this weekend, here’s what I think are the top points to consider with TRNR right now: 1. Through years of research and development, TRNR has developed a genius business model designed to generate high annual recurring revenue. 2. TRNR began mass production of its smart home gyms at the end of 2022 – and is already sold out. 3. TRNR’s current product portfolio, which consists of FORME Studio, FORME Studio Lift, and health coaching services, including a VOD membership, and Live 1:1 personal training, addresses the needs of virtually everyone interested in fitness. 4. TRNR management includes industry leaders who bring strength in finance and fitness: Trent Ward, Chief Executive Officer, who had a successful career in finance having worked at Citadel, Deepak Mulchandani, Chief Technology Officer, who was Head of Engineering at Peloton. 5. TRNR is differentiated as the only company to offer live 1:1 and asynchronous coaching memberships from the industry’s highest-quality personal trainers. 6. According to the 2021 Global Wellness Institute, total global spending in the wellness industry in 2020 was $4.4 trillion, of which approximately $740 billion was spent on fitness and other categories of wellness, including yoga, barre, and Pilates. 7. Physical gyms/fitness clubs have actually [been]( DECLINING 6.7% per year from 2018 - 2023. However, online/digital fitness, fitness apps, fitness equipment, and fitness tracker markets all experienced significant growth due to the pandemic, and are expected to continue to GROW an average of 17.6% per year through 2030, according to [GrandView Research](. 8. TRNR has hired an elite team of world-class trainers in the fitness and wellness industry. 9. TRNR designed its product portfolio to be modular and customizable so that its product and service offerings can be tailored to a broad range of fitness goals, budgets, and needs, thereby accessing a larger addressable market. 10. According to the TRNR’s research, they believe their total addressable market includes nearly 10 million households, representing total potential revenue of $18 billion, all of which is in the United States. As I said, TRNR just went public on Friday last week. This is a very interesting story to pay attention to right now, especially this early in the game.  The growth potential for this sector is incredible, and I really like the angle that TRNR is taking to compete in this market. Having direct access to live trainers without having to leave your home just sounds like a winning idea to me. So, make sure you keep your eye on TRNR right now. This is an exciting opportunity in one of the fastest-growing sectors out there. Investing in recent IPOs has its own special risks, and also reward possibilities. Make sure you understand everything about TRNR and are comfortable with your own risk tolerance before you ever make a trade, and that goes for every trade you make!  Take some time and visit their [website](. I think you’ll love the strategy this company is taking in the market.  To Your Success, *Please see disclosures below RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Manage your email subscriptions.]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. 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