Fitness club operator Basic-Fit is planning to launch on the Amsterdam stock exchange, the company said in a statement on Tuesday.

The company was bought by private equity group 3i in 2013 for €275m but is expected to raise some €1bn from an IPO, NOS says.

Basic-Fit is the biggest gym operator in Europe with 351 branches in the Netherlands, Belgium, Luxembourg, France and Spain. By the end of March it had more than one million clients and a staff of 2,800, many of whom work part-time.

There has been a slew of IPO announcements in recent days. Offshore pipe maker Sif, animal transport group ForFarmers, Philips Lighting and insurance company ASR are all scheduled to go public in the coming months.