Strava confidentially files for an IPO
Strava has confidentially filed paperwork to go public in the US, moving its speculated initial public offering (IPO) a step closer, according to reporting by The Information. The confidential S-1 registration, filed with the US Securities and Exchange Commission (SEC), suggests an offering could come as soon as this spring, with Goldman Sachs tapped to help steer the process.
A confidential S-1 lets companies refine their prospectus with the US Securities and Exchange Commission before revealing financials publicly, and the document becomes visible shortly before the IPO.
As we reported in September 2025, Strava has been sounding out banks for a potential listing and hiring investor relations and roles typical of IPO preparation for a while. Last week, it appointed Barry McCarthy, the former Netflix and Spotify CFO and ex-Peloton CEO, with experience in leading the companies' direct listings, to its board of directors.
Strava was valued at about US$2.2 billion in a May 2025 funding round.
