| Last week a little known company by the name of U Power Limited (NASDAQ:UCAR) had a sizzling IPO debut. The stock went from $8 to $75 on its first day of trading. With only 2.4 million shares offered on its IPO…demand was - STRAIGHT FIRE Well, today at around 10-11 AM ET. we have another IPO. This one is offering even less shares than UCAR did. Interactive Strength Inc. (NASDAQ: TRNR) - 1-month trading range: NA
- Typical average daily volume: NA
- Float: ~1.5 million shares being offered for the IPO
Interactive Strength's Business Interactive Strength's Forme is a cutting-edge digital fitness platform that's changing the way people approach personal training and coaching. The company's premium connected fitness hardware products, the Forme Studio and Forme Studio Lift, feature a massive 43-inch 4K ultra-high definition touchscreen and cable-based digital resistance for a truly immersive workout experience. 
Source: Formelife.com But what really sets it apart is the personalization and human touch it brings to the table. The platform combined with VOD content, personalized programming, and live training with real trainers to deliver a truly dynamic and effective fitness experience. The company charges for the hardware and also for a monthly subscription fee. It's $49 for the first month, and $149 a month afterwards, and it comes with a trainer satisfaction guarantee. Of course, Forme Studio comes with an app and is available on iOS devices. The company believes it has carved a niche in the virtual training and health coaching space. As of September 30, 2022, Interactive Strength has booked fair market value investment of $67.5 million. Financials There aren't a whole lot of details pertaining to the company's financials as it is just set to IPO, but here's what we know. The company's fitness product revenue has increased from $319,000 to $530,000 from 2021 to 2022. In addition, its subscription revenue has gone from $4K to $74K during the same period. It has total assets of $24.4 million and total liabilities of $27.2 million. The company's net income is -$58.2 million. 
Source: SEC Filings The company has $226,000 in cash in cash equivalents. It's offering 1.5 million shares on Friday, with the offer amount totaling $13.8 million. The company's valuation will be around $98 million, with the IPO indicating to open at around $6 to $8 per share. Promoter Activity I've only received one email from a promoter touting an IPO without specifically naming the company. Oddly enough, with earnings season dominating financial Twitter, there hasn't been a ton of social media buzz surrounding the IPO. But if you do hop on YouTube you'll find plenty of video reviews on Forme. 
Source: YouTube However, the overall lack of buzz heading into the IPO isn't necessarily a bad thing. Last Friday, U Power Limited (NASDAQ: UCAR) saw its IPO go from $8 to $75. It too was under the radar. But had no problems moving once it started trading. There's always a squeeze opportunity whenever you're dealing with low float stocks. Straight to the Facts The TRNR IPO could see some wild action on Today. The main reason why I believe this is that it's only offering 1.5 million shares. Crazy stuff happens on Fridays. And with UCAR still fresh in traders memory, I wouldn't be shocked if TRNR makes a triple-digit move on before the end of the day. It has the potential to be a true high-flier and a stock worthy to be on your watchlist. Always at your service, Baron Von Stocks | 
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