YogaWorks, which operates 50 yoga studios in major US metropolitan markets, filed on Friday with the SEC to raise up to $75 million in an initial public offering.
The Culver City, CA-based company was founded in 1987 and booked $54 million in sales for the 12 months ended March 31, 2017. It plans to list on the Nasdaq under the symbol YOGA. YogaWorks filed confidentially on April 18, 2017. Cowen & Company, Stephens Inc. and Guggenheim Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
