Exclusive-Fitness tracking app Strava looks to hire banks for IPO

Company Overview - Strava is a fitness tracking platform founded in 2009, with over 150 million active users across 185 countries [3] - The company combines social networking with fitness, gaining popularity during the pandemic [3] IPO Plans - Strava is seeking to hire investment banks for its U.S. initial public offering, with a valuation of $2.2 billion from a recent funding round [1][2] - The company has invited banks such as Goldman Sachs, JPMorgan, and Morgan Stanley to pitch for roles in the IPO [1] - The IPO could occur as early as 2026, depending on market conditions, but the company has not finalized its fundraising amount or valuation [4] Recent Financial Activity - The recent financing round was led by Sequoia Capital, Square Ventures, TCV, and Go4it Capital Partners [2] - The U.S. IPO market has seen increased activity, with six deals raising over $4 billion, marking the busiest period since 2021 [5]