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Les Mills
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

SoulCycle announces plans for IPO

Another day, another US fitness IPO. Following the news this week that budget chain Planet Fitness is to go public, US-based boutique cycling studio operator SoulCycle has confirmed it too will float on the stock market.

Yesterday’s (July 30) filing with US regulators came after weeks of speculation that SoulCycle would become the latest fitness company to undergo a public offering. Wall Street has shown an appetite for health and fitness floatations through both the warm reception to the Planet Fitness news and the staggering response to Fitbit’s listing earlier this year, when shares jumped 60 per cent on opening.

SoulCycle has gained a cult following in the US, enhanced by celebrity fans such as David Beckham and Tom Cruise. The boutique offering has around 40 US studios with a heavy focus on New York, and is expected to operate up to 60 clubs worldwide by 2016.

In addition to its popular classes, the company also has a retail clothing line, the popularity of which helped SoulCycle increase net income by about 42 per cent to US$25.3m (€23m, £16m) in 2014.

In its filing on Thursday, the company outlined a nominal fundraising target of US$100m (€91m, £64m), although this could change. It also did not specify how many shares the company planned to sell, the expected price or the exchange on which it intends to list its shares.

Founded in 2006 by former real estate broker Elizabeth Cutler and former talent agent Julie Rice, the pair reportedly sold a majority stake to Equinox Holdings – owned by real estate firm Related Cos and buyout firm Leonard Green & Partners LP – earlier this year.

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Another day, another US fitness IPO. Following the news this week that budget chain Planet Fitness is to go public, US-based boutique cycling studio operator SoulCycle has confirmed it too will float on the stock market.
HAF,FIT,IND,SAB,CAS
812188_997079.jpg
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News

SoulCycle announces plans for IPO

Another day, another US fitness IPO. Following the news this week that budget chain Planet Fitness is to go public, US-based boutique cycling studio operator SoulCycle has confirmed it too will float on the stock market.

Yesterday’s (July 30) filing with US regulators came after weeks of speculation that SoulCycle would become the latest fitness company to undergo a public offering. Wall Street has shown an appetite for health and fitness floatations through both the warm reception to the Planet Fitness news and the staggering response to Fitbit’s listing earlier this year, when shares jumped 60 per cent on opening.

SoulCycle has gained a cult following in the US, enhanced by celebrity fans such as David Beckham and Tom Cruise. The boutique offering has around 40 US studios with a heavy focus on New York, and is expected to operate up to 60 clubs worldwide by 2016.

In addition to its popular classes, the company also has a retail clothing line, the popularity of which helped SoulCycle increase net income by about 42 per cent to US$25.3m (€23m, £16m) in 2014.

In its filing on Thursday, the company outlined a nominal fundraising target of US$100m (€91m, £64m), although this could change. It also did not specify how many shares the company planned to sell, the expected price or the exchange on which it intends to list its shares.

Founded in 2006 by former real estate broker Elizabeth Cutler and former talent agent Julie Rice, the pair reportedly sold a majority stake to Equinox Holdings – owned by real estate firm Related Cos and buyout firm Leonard Green & Partners LP – earlier this year.

Sign up for FREE ezines & magazines
Another day, another US fitness IPO. Following the news this week that budget chain Planet Fitness is to go public, US-based boutique cycling studio operator SoulCycle has confirmed it too will float on the stock market.
HAF,FIT,IND,SAB,CAS
812188_997079.jpg

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The online to offline model – where businesses build an audience through a slick digital presence and then channel them towards physical sites – is highly popular in China and made possible by the ubiquity of WeChat
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Promotional feature
Extracurricular activities are key to keeping students physically and mentally healthy. Working with Legend, the universities of Nottingham and Bristol are working to improve the user experience of their facilities to increase student participation
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Thanks to the rise in popularity of functional zones, there’s been an increased call for turf. We take a look at some of the turf products being installed
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Promotional feature
When setting up a new fitness offering, having a point of difference is key. Two businesses tell us how Electro Muscle Stimulation has been successful in helping them to stand out from the rest
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Following a year of strong growth, leading fitness equipment provider Dyaco has moved to a new UK headquarters in Milton Keynes, marking a significant milestone for the company.
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Featured supplier: FunXtion launch Online Coaching; helping PT’s work effectively, efficiently and increase client contact time
FunXtion has introduced its new Online Coaching Tool, an advanced platform with quality content to help personal trainers work more efficiently.
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Company profile: MoveGB
Move is the online fitness platform where consumers go to get active, and operators collaborate ...
Company profiles
Company profile: Legend Club Management Systems (UK) Ltd
Legend provides the leading software solution for driving improvements in leisure operations. We deliver savings ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Skincare
Comfort Zone - Davines S.p.A: Skincare
Professional services
Deloitte UK: Professional services
Direct debit solutions
Debit Finance Collections: Direct debit solutions
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Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Fitness equipment
Miha Bodytec GmbH: Fitness equipment
Audio visual
Hutchison Technologies: Audio visual
Member access schemes
Move GB: Member access schemes
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Eleiko Sport AB: Exercise equipment
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Property & Tenders
Diary dates
21-22 Sep 2019
Locations worldwide,
Diary dates
23-26 Sep 2019
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