SoulCycle Files for Initial Public Offering

SoulCycle Inc., a fitness chain with feel-good indoor cycling classes that generally cost $34 for 45 minutes, filed for an initial public offering Thursday.

The company, which describes its indoor cycling class experience as a “carefully curated cardio party,” filed with a $100 million placeholder, a figure used to calculate registration fees that may change. It plans to use the proceeds from the IPO to repay debt and for capital expenditures.