Law360, New York (July 30, 2015, 7:14 PM EDT) -- Indoor cycling company SoulCycle Inc. filed papers Thursday for a $100 million initial public offering, joining a bevy of fitness-related companies tapping public markets as the IPO market heats up to close out July.
New York-based SoulCycle did not list how many shares it will issue or at what price, meaning the $100 million figure is likely a placeholder until firm terms are set.
The company said it will use proceeds to repay borrowings, pay its owner Equinox Holdings Inc. $15.1 million to satisfy a deferred tax distribution claim, as well as capital expenditures and general corporate purposes, according to a...
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