Strava has confidentially filed for a U.S. initial public offering and appointed Goldman Sachs as the lead underwriter, signaling preparations for a potential public debut as early as spring 2026.
The fitness tracking company has reported rising revenue driven by subscription growth and increased user engagement, though it has not publicly disclosed detailed financial figures as part of its confidential filing. In a private funding round completed in 2025, Strava was valued at approximately $2.2 billion. The company has not announced an expected IPO valuation or the size of the offering.
Filing confidentially with U.S. regulators and hiring a major investment bank are standard steps for companies preparing to go public, allowing flexibility around timing and disclosures. Broader market conditions, including a rebound in U.S. IPO activity, may influence the final timing of Strava’s listing.
Market reactions and pricing expectations for Strava’s IPO remain uncertain, as the company continues to evaluate investor interest ahead of a formal launch.
#Investor Takeaway
The confidential IPO filing underscores Strava’s intent to pursue a public listing following continued growth in subscriptions and user engagement.
#Market Impact
If completed, Strava’s IPO would add a new entrant to the public fitness technology sector, potentially benefiting from renewed investor interest in growth-oriented technology companies.
#What’s Next
Investors will be watching for updates to Strava’s filing, additional underwriter appointments, and any formal announcement regarding the timing of its public offering.