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When Equinox CEO Harvey Spevak appeared on Bloomberg TV Canada on Wednesday, host Pamela Ritchie queried him about the reason for the delay in the initial public offering (IPO) launch of SoulCycle, the indoor cycling studio brand owned by Equinox, New York. SoulCycle filed papers in summer 2015 for an IPO, but so far, the IPO hasn't gone any further.
Spevak's reason for the delay likely wasn't a surprise to anyone.
"We've all seen what's happened with the U.S. stock market," he said. "If you look at the history over the last 12 months, the data says there are only...