What could a Strava IPO mean for its users?
Everyone’s favorite cycling social media app, Strava, has reportedly filed for an IPO, or an initial public offering, in recent weeks. Since 2009, Stava has been unchallenged in the fitness social media realm. Initially started as a cycling app, it has expanded into all branches of outdoor recreation. Users can follow their friends, join clubs, and give kudos while sharing photos and videos, a feature launched in 2015, from their rides.
Last summer, it held a funding round, valuing Strava at $2.2 billion USD, pushed by Sequoia Capital and TCV, who hope to take the tech company public. What could a Strava IPO mean for its users? It could leverage its user base and expand its features, further building on its 17 years of dominance in the athletic tracking space.
If you’re on Strava, The Radavist has a club, which you can join here.