Strava Explores IPO with Investment Bank Hiring

Strava, a popular fitness tracking platform, is reportedly preparing for a U.S. initial public offering (IPO). Sources close to the matter indicate that the San Francisco-based company has approached investment banks, including Goldman Sachs, JPMorgan, and Morgan Stanley, to pitch for advisory roles in the potential IPO. This development signifies Strava's intent to enter the public market. The platform has amassed a significant user base of over 150 million active users by integrating activity tracking with social networking features tailored for athletes. While the process is in its preliminary stages, sources suggest the IPO could occur as early as 2026, contingent on prevailing market conditions. Engaging with investment banks underscores Strava's serious consideration of an IPO as a strategic avenue for future growth and capital acquisition. The company has not yet disclosed the specific amount it aims to raise or its target valuation.