- General
- June 5, 2019
- 4 minutes read
Peloton Confidentially Files For IPO
A Peloton treadmill image: Peloton Peloton — a $4 billion valued company known for its connected cycling bikes and treadmills where…
 |
| A Peloton treadmill
image: Peloton
|
Peloton — a $4 billion valued company known for its connected cycling bikes and treadmills where users can live-stream gym sessions — has announced it has confidentially submitted a draft S-1 filing for an IPO with the SEC. The company has not determined the number of shares and the price range for the shares that’ll be offered in the Initial Public Offering (IPO).
Peloton has raised nearly $1 billion in total funding from investors including TCV, True Ventures, Fidelity, Wellington Management, Tiger Global, Kleiner Perkins, NBCUniversal, Comcast, and GGV Capital. The company last raised $550 million in funding that valued it at $4 billion. Peloton joins other companies like Slack, CrowdStrike and Postmates which have confidentially filed for IPOs and are expected to debut soon on the public markets.
 |
| A man live-streams a gym session on a Peloton bike
image: Peloton
|
Peloton’s confidential filing comes on the heels of Mirror — another big name in the interactive home gym market — raising funding at a near $300 million valuation.
