By Echo Wang and Milana Vinn
-Strava, the popular fitness monitoring platform, seeks to hire investment banks for its initial public offer in the United States, said people familiar with the case.
The company based in San Francisco, worth 2.2 billion dollars in a finance round in May, invited banks, notably Goldman Sachs, Jpmorgan and Morgan Stanley to present roles on the IPO, said people, asking not to be identified because the question is confidential.
This financing tour was led by Sequoia Capital, Square Ventures, TCV and Go4it Capital Partners, according to Pitchbook.
Strava did not immediately respond to a request for comments. Goldman Sachs, JP Morgan and Morgan Stanley refused to comment.
Founded in 2009, Strava operates a mobile application with more than 150 million active users which he calls athletes in 185 countries, according to his website. By combining social networks with fitness, he increased in popularity during the pandemic, allowing users to measure and share their training sessions, make “congratulations” to friends and see how they accumulate against elite athletes.
The list could occur from the start of 2026, depending on market conditions, the sources said. Strava has not yet finalized how much he plans to increase and the assessment she will seek for the IPO, added the sources.
The company, including the founders Michael Horvath and Mark Gainey met as members of the Harvard University crew, hired a financial director last month, a decision often considered a step towards a IPO.
The activity of the US stock exchange market increased last week, six transactions collecting more than $ 4 billion in the busiest period since 2021.
(Report by Echo Wang to Palo Alto, California, Milana Vinn in New York; edition by Dawn Kopecki and Richard Chang)
