IPO market is getting healthier thanks to deals like SoulCycle
New York
WALL Street is betting health-conscious IPOs like SoulCycle Inc and Planet Fitness Inc can help whip their portfolios into shape.
A health and fitness craze in America has taken over the initial public offerings market. SoulCycle, a chain of studios for aficionados of stationary bicycling called spinning, filed for an initial public offering on Thursday. Gym chain Planet Fitness and Amplify Snack Brands Inc, maker of Skinny Pop popcorn, are expected to price their IPOs next week.
