By Chelsea Naso (January 13, 2015, 5:36 PM EST) -- California-based Mindbody, a company that makes software to help run fitness and yoga studios, is said to have tapped Morgan Stanley, Credit Suisse and UBS to run a potential initial public offering that could value the tech company at more than $700 million, Reuters reported Tuesday, citing people familiar with the matter. Mindbody, which is headquarterd in San Luis Obispo, was founded in 1998. The company makes business management software for wellness and fitness boutiques and has expanded its services to spas and beauty salons. Mindbody has raised more than $100 million from backers including W Capital Partners, Bessemer Venture Partners, Catalyst Investors and Institutional Venture Partners, the report said....
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