NordicTrack brand owner iFit Health & Fitness Inc. is scrapping its plans for an already postponed initial public offering, according to a filing with the Securities and Exchange Commission on Wednesday. In its brief filing with the SEC, iFit merely said: “The company is applying for withdrawal of the registration statement because the company has determined not to pursue the contemplated offering at this time.” Back in October, the company said it was postponing its IPO due to “adverse market conditions,” but would “continue to evaluate the timing for the proposed offering.” The Logan, Utah-based company, which competes with Peloton Interactive Inc. PTON, initially filed for the IPO on Aug. 31.
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