Quick Take
Peloton Interactive (PTON) has filed to raise gross proceeds of $500 million from a U.S. IPO, according to an S-1 registration statement.
The firm provides fitness equipment and interactive software.
PTON is growing sharply although the firm has not faced an economic downturn since its founding.
I’ll provide an update when we learn management’s pricing and valuation assumptions for the IPO.
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