By Daniel Hunter

US cycling fitness chain SoulCycle, which is popular among A-list celebrities, has announced plans to float on the stock market.

Launched in 2006, SoulCycle has amassed a cult following after being used by the likes of David Beckham, Tom Cruise and Lady Gaga.

It is planning to raise $100 million (£64m) from the share sale.

SoulCycle announced profits of $25m in 2014, with sales reaching $112m.

"SoulCycle isn't in the business of changing bodies: it's in the business of changing lives," the fitness chain said in its filing.

"For many of our riders SoulCycle is not about how much weight they can lose, rather, it's about letting go, turning inward and finding the strength to meet life's daily challenges, overcome obstacles and break through," it says.

SoulCycle has 36 fitness studios in the US, mostly in New York. However, it also has a presence in San Francisco and Los Angeles. It plans to have "at least" 250 studios.