Fitness tracking giant Strava is reportedly gearing up for a significant initial public offering (IPO) on the US stock market. According to recent reports, the company has invited prominent investment banks, including Goldman Sachs, JPMorgan, and Morgan Stanley, to compete for roles in the upcoming offering. While the exact timeline remains contingent on market conditions, Reuters suggests an early 2026 launch is a possibility.
Strava's potential IPO follows a successful fundraising round in May 2025, which valued the San Francisco-based company at a substantial $2.2 billion. This impressive valuation reflects the company's strategic growth trajectory, fueled by a series of acquisitions. Notably, Strava acquired the UK-based run training app, Runna, in April 2025, and followed this with the acquisition of cycling training app, The Breakaway, in May 2025. These acquisitions significantly expand Strava's reach and capabilities within the fitness market.
Further bolstering its IPO readiness, Strava recently announced key leadership appointments. Matt Anderson, formerly CFO of Nextdoor, a social networking platform he guided through its own successful IPO, joined Strava as its new Chief Financial Officer. Simultaneously, Louisa Wee was appointed as the new Chief Marketing Officer.
Strava's growth story is compelling. The platform boasts over 150 million users across more than 185 countries and experienced over 50% growth in new users last year, with a significant surge in Gen Z users. This impressive user base demonstrates Strava's ability to attract and retain a broad and growing demographic. While Strava has yet to officially comment on the reported IPO plans, the confluence of strategic acquisitions, strong leadership appointments, and impressive user growth strongly suggests a significant public market debut is imminent.
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Originally published at: https://www.bikeradar.com/news/strava-initial-public-offering
