NLS - IPO Update: Peloton Interactive Readies U.S. IPO
Quick Take
Peloton Interactive (PTON) has filed to raise $1.1 billion in an IPO of its Class A common stock, according to an S-1/A registration statement.
The company sells fitness equipment and related software subscription services to fitness enthusiasts.
PTON is growing impressively and needs additional time and scale to achieve management’s vision of a more expansive operation.
Company & Technology
New York-based Peloton was founded in 2012 to develop and market fitness bikes and treadmills, as well as a digital content and live group training with a current community size of