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Home / Business / Peloton Plans Nasdaq $ 1.2 Bn Initial Public Offering – TechCrunch

Peloton Plans Nasdaq $ 1.2 Bn Initial Public Offering – TechCrunch



Peloton, who published his IPO prospectus last month, plans to demand up to $ 29 per share in the upcoming Nasdaq listing.

Connected Stationary Bikes and Treadmills announced a price range of $ 26 to $ 29 per share, which allowed the company to float up to $ 1.2 billion in 2019 billion. According to Bloomberg, the company should launch its IPO Roadshow on Wednesday.

Peloton based in New York is traded under the symbol PTON. Goldman Sachs & Co. and J.P. Morgan Securities manage the IPO as lead underwriter.

Peloton, founded in 2012, raised $ 550 million in venture capital last year, worth $ 4.15 billion. Overall, the company has attracted $ 994 million in venture capital investments, according to PitchBook. Its S-1

application lists CP Interactive Fitness (5.4% pre-IPO) – a company that has entered into partnership with private equity firm Catterton – TCV (6.7%), Tiger Global (19.8%). ), True Ventures (12%) and Fidelity Investments (6.8%) are main actors or investors with a stake of at least 5% in the company.

Peloton reported impressive total revenues of $ 915 million for the fiscal year ended June 30, 2019, up 110% from $ 435 million. Losses for the fiscal year were $ 218.6 million for the fiscal year ended December 31, 2018 2019 at $ 245.7 million compared to a reported net loss of $ 47.9 million a year earlier.

It is expected that the company's upcoming IPO will be one of the largest of the year.


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