As the high-end cycling chain’s IPO approaches, other owners enter the market for $34-a-pop classes outside of New York, San Francisco or Los Angeles

Cycling is coming to Wall Street.

SoulCycle, the high-end indoor cycling chain, filed for an initial public offering (IPO) on Thursday in hopes of raising as much as $100m. The New York-based company, which has 38 studios across the US, didn’t specify how many shares it plans to offer or at what price.

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Source: The Guardian Circular Economy RSS