By Echo Wang and Milana Vinn

-Strava, the popular fitness tracking platform, is looking to hire investment banks for its U.S. initial public offering, people familiar with the matter said.

The San Francisco-based company, valued at $2.2 billion in a funding round completed in May, has invited banks including Goldman Sachs, JPMorgan and Morgan Stanley to pitch for roles on the IPO, the people said, asking not to be identified because the matter is confidential.

That financing round was led by Sequoia Capital, Square Ventures, TCV and Go4it Capital Partners, according to PitchBook.

Strava did not immediately respond to a request for comment. Goldman Sachs, JP Morgan, and Morgan Stanley declined to comment.

Founded in 2009, Strava operates a mobile application with more than 150 million

See Full Page