SoftBank-Backed Lululemon Rival Vuori Said to Plan IPO Next Year

Activewear brand Vuori Inc. is talking to investment banks about an initial public offering as soon as the middle of 2024, according to people with knowledge of the matter.

The apparel company would seek in an IPO to top its $4 billion valuation in a 2021 funding round led by SoftBank Group Corp.’s Vision Fund 2, said the people, who asked not to be identified discussing private information.

Vuori could pick its advisers within weeks, though it hasn’t made a final decision and its plans could change, the people said. A representative for SoftBank declined to comment. A spokesperson ...