initial public offerings (IPOs) trading on American exchanges

Saturday, August 1, 2015

SoulCycle files for a $100 million IPO

  • The chain started as a 31-bike studio on Manhattan's Upper West Side in 2006. 
  • It's since grown to 38 studios in seven cities, and hopes to add up to 250 locations across the United States. 
  • SoulCycle's revenue increased from $75 million in 2013 to $112 million, and net income increased from $18 million to $25 million over the same  period.
  • Attendees can burn up to 700 calories per spin class,
  • ‪As exercise routines serve more roles in people’s lives—stress relief, psychotherapy, social outlet, even personal identity—the expense of boutiques becomes easier to justify, their devotees say.

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