Morgan Stanley and Goldman Sachs will be co-lead underwriters for the indoor fitness brand at a valuation that would ranks as the 10th largest in sporting goods right now and represents a rough doubling in value since its last venture round in 2018 when it raised $550 million at a $4.15 billion valuation, according to Bloomberg. Nautilus, by comparison, has a market cap of $237 million while the Brunswick spin-off of its fitness unit this spring is likely to get a valuation in the neighborhood of $1 billion. It was said to be on track for $700 million in revenues ... Log in to view full article.