Track & Field, a high-end fitness and lifestyle apparel brand with 231 stores in Brazil, has filed for an initial public offering with Brazil’s securities industry regulator.

Track & Field had net revenue of 275 million reais ($61 million) and net income of 51 million reais in 2019, according to the preliminary prospectus, according to a report from Reuters.

Banco BTG Pactual, Bank of America, Itau BBA and Santander Brasil will manage the offering.

Photo courtesy Track & Field