SoulCycle, the New York-based "spinning" fitness chain with a cult following, is relying on ICR for financial communications counsel as it pursues an IPO.
The company filed with the SEC on July 30 with a placeholder $100M price to go public, months after hiring Goldman Sachs to mull strategic options. Upscale gym chain Equinox holds a majority stake in SoulCycle.
SoulCycle, offering 45-minute classes starting around $34, has built a large following across 38 studios in the US. It describes itself as a "lifestyle brand" ready to tap "the global trend towards healthy living and a lifelong quest for meaning, wellness and personal growth."
Revenue hit $112M in 2014, up from $36.2M in 2012.
Gabby Cohen heads PR and brand strategy at SoulCycle. Jessica Liddell, senior VP, leads the account at ICR.
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