Peloton Interactive, the on-demand fitness company best known for its connected indoor cycling bike, has officially announced plans to go public after months of CEO John Foley teasing that an IPO in 2019 would “make a lot of sense.” The company had reportedly been interviewing banks in preparation for its IPO. Today, it announced that it has elected to submit a confidential filing, which is the same method other tech startups have used recently, including Lyft, Uber, and Slack.
In a press release, Peloton did not clarify how many shares it intends to sell or what the price range would be. Its latest round of funding in August 2018 valued the fitness company at $4.15 billion. Foley remarked last year that Peloton has a “beautiful business…
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