SoulCycle Files for IPO; Stocks Tread Water on Fed Fears

SoulCycle has filed to go public. In its IPO filing, the company said it had achieved 73 percent studio growth from 2012 to 2014.
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SoulCycle has filed to go public. In its IPO filing, the company said it had achieved 73 percent studio growth from 2012 to 2014. The company hopes to raise $100 million through the initial public offering. There were no big moves for the S&P 500 or Dow as a rebound in second-quarter GDP kept investors cautious. Wall Street has been on alert for signs of economic strength given the Fed's stance that it will hike rates once conditions improve. T-Mobile (TMUS) was one of the best performers on markets after it breezed past earnings estimates in its second quarter results. The telecom company also raised forecasts for customer growth as it continues to spend aggressively to capture market share.