Soulcycle Taps Banks for 2015 IPO

Soulcycle is said to have picked investment banks for an IPO later this year, Reuters reported.

Goldman Sachs and BofA/Merrill Lynch are said to be the banks involved.

With over 40 locations nationwide, SoulCycle has established itself as the leading indoor cycling destination and attracts everyone from editors, celebrities, and captains of industry tofitness enthusiasts and athletes. Familiar faces in SoulCycle studios include Madonna, Lady Gaga, David and Victoria Beckham, and Bradley Cooper. SoulCycle is expected to expand to upwards of 60 locations by 2016 with additional studios in New York, Los Angeles, Chicago, London and beyond.

SoulCycle is also a popular lifestyle brand with its own clothing line and accessories collection. SoulCycle clothing and accessories are available in all SOUL boutiques and on soul-cycle.com."

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