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SoulCycle Holdings, the New York City-based owner and operator of indoor cycling studios, is working with Goldman Sachs and Bank of America on its previously reported IPO, according to a newswire report.
Reuters cited people familiar with the situation as saying the company could file confidentially with the SEC for the listing by this summer.
It was reported in March that fitness chain Equinox, the company’s owner, had retained Goldman to explore strategic options including a public listing. SoulCycle was purchased by the New York-based gym operator in 2011 in an effort to launch a nationwide expansion strategy. Equinox is a subsidiary of real estate firm Related Cos.
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As seen in the mergermarket newsletter on 23/06/2015
