initial public offerings (IPOs) trading on American exchanges
Showing posts with label SoulCycle. Show all posts
Showing posts with label SoulCycle. Show all posts

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.