Where Your Speech Is Free And Your Comment Is King - Post A Link

THE NEWS COMMENTER

Screenshot Foxbusiness.com
VOTE  (0)  (0)

Peloton plans to raise as much as $1.3 billion in an IPO


Added 09-11-19 03:04:02am EST - “If Peloton sells shares at the high end, it will push its market value to $8.23 billion.” - Foxbusiness.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Foxbusiness.com: “Peloton plans to raise as much as $1.3 billion in an IPO”. Below is an excerpt from the article.

The fitness startup known to most for its on-demand workout programs on exercise bikes, plans to raise $1.33 billion in an initial public offering.

The company plans to offer 46 million shares at a price range between $26 and $29 per share, according to a Securities and Exchange Commission filing.

The exercise company has applied to list the Class A shares on the Nasdaq under the symbol PTON.

The company which was founded in 2012 has more than 1.4 million members who can access live and on-demand classes from home.

Peloton lost $196 million on sales of $915 million during the 12 months ended June 30, according to its filing.

Read more...

Post a comment.

CLICK TO SHARE

BACK TO THE HOME-PAGE