MindBody – a cloud based software provider to the health and wellness industry – may become the first local company to start, grow and go public on a major New York stock exchange as a San Luis Obispo-based business. Reuters reported this week that MindBody has selected Morgan Stanley to lead an initial public offering – along with Credit Suisse and UBS – that could come as soon as the second or third quarter of 2015. Morgan Stanley has long been a – if not the – leading investment bank for technology IPOs, taking companies like Apple, Cisco, Google, Facebook and Alibaba Group public. The article noted that MindBody could be valued at as much as $700 million; the company has raised more than $100 million over various rounds of successful venture capital financing. The company’s rapid growth since the early formation days in a garage in the Arbors has garnered significant national attention. Later this spring, it intends to move into its new campus on Tank Farm Road.