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SoulCycle<\/p>\nSoulCycle<\/p>\n
New York, N.Y.<\/strong> – SoulCycle, a fitness company that focuses on indoor cycling, has filed for an initial public offering. Being among several fitness-based companies to do so this year, it has caused a flurry of activity and speculation in the markets and media covering the story. Here\u2019s a roundup of some of those stories:<\/p>\n Wall Street Journal:<\/strong><\/p>\n Spin class is spinning up big revenues and profits.<\/p>\n SoulCycle Inc., the network of cycling exercise studios, filed Thursday to raise $100 million in an initial public offering, providing details of its fast growth and impressive bottom line for the first time. The $100 million figure is likely a placeholder amount and may change.<\/p>\n Read the full article.<\/a><\/p>\n The New York Times:<\/strong><\/p>\n So popular is SoulCycle that customers eagerly arrange their schedules around openings for the week\u2019s classes, with sessions regularly booked up within minutes.<\/p>\n Now the popular indoor cycling fitness boutique is betting that stock market investors will prove just as fervent.<\/p>\n Read the full article.<\/a><\/p>\n Bloomberg Business:<\/strong><\/p>\n SoulCycle Inc., a fitness chain with feel-good indoor cycling classes that generally cost $34 for 45 minutes, filed for an initial public offering Thursday.<\/p>\n The company, which describes its indoor cycling class experience as a \u201ccarefully curated cardio party,\u201d filed with a $100 million placeholder, a figure used to calculate registration fees that may change. It plans to use the proceeds from the IPO to repay debt and for capital expenditures.<\/p>\n