Strava is prepping for a US initial public offering (IPO), with the fitness platform said to have invited banks including Goldman Sachs, JPMorgan and Morgan Stanley to pitch for roles, according to reports.
Reuters reported that the listing could happen as soon as early 2026, depending on market conditions, and that Strava has yet to finalise how much it plans to raise or the valuation it will target.
The potential IPO follows the San Francisco-based company closing a fundraising round valuing it at $2.2 billion back in May 2025.
The valuation followed a series of acquisitions made by Strava. In April, it acquired Runna, a UK-based run training app. Then, in May, it bought The Breakaway, a cycling training app.
The rumours follow two leadership appointments. In August, Strava announced Matt Anderson as its new chief financial officer and Louisa Wee as chief marketing officer.
Anderson joined Strava from Nextdoor, a social network for neighbourhood communities, where he served as chief financial officer and guided the company through its public listing.
Strava says the platform saw more than 50 per cent growth in new users last year, with Gen Z turning to the platform. The fitness training app now has more than 150 million users in over 185 countries.
Strava has not responded to a request for comment.
You may like
Source link