SoulCycle Inc. Announces Filing of Registration Statement for Proposed Initial Public Offering
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NEW YORK--(BUSINESS WIRE)-- SoulCycle Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
The offering is being made through an underwriting group led by Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Citigroup Global Markets Inc. Acting as co-managers are William Blair & Company, L.L.C., Cowen and Company, LLC, and RBC Capital Markets, LLC.
The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering may be obtained from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, or by emailing: email@example.com; or BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, or by e-mailing: firstname.lastname@example.org.
A registration statement on Form S-1 relating to the proposed offering has been filed with the Securities and Exchange Commission but has not yet become effective. The shares to be registered may not be sold nor may offers to buy be accepted prior to the time when the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
In 2006, SoulCycle introduced the innovative model of boutique cardio fitness to the marketplace and reinvented indoor cycling. Since inception, SoulCycle has attracted riders with an immersive fitness experience that enables them to release stress, burn fat, tone muscle, improve aerobic endurance and change their bodies, fast. SoulCycle combines a mental component of inspirational coaching, with great music and a full-body workout on the bike. Not only do riders burn calories, get an intense 45-minute cardio workout, but using the SoulCycle® Method, they simultaneously tone their upper bodies using hand weights and do core exercises.
The SoulCycle experience is a high energy, results-oriented, community based workout. Each rider feels important and connected to the brand as a result of the well-trained staff and personal customer attention. The exercise program focuses on the "energy of the pack" and creates a strong community bond between the riders. The rhythm-based rides, in candlelit studios make riders feel like they are partying in a healthy nightclub. And the one-of-a-kind playlists set the tone for an exciting new experience every ride, every time.
Source: SoulCycle Inc.
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Related EntitiesWilliam Blair, Citi, RBC Capital, Cowen & Co, S1, IPO
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