Deals
Cycling Startup Peloton Confidentially Files for U.S. IPO
- Home-exercise startup joins stampede to join public markets
- Peloton raised $550 million last year at $4 billion valuation
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Peloton Interactive Inc. has filed confidentially for an initial public offering, the latest in a string of technology companies seeking to join the public markets in 2019.
The home-exercise startup has submitted its draft listing documents to the U.S. Securities & Exchange Commission, New York-based Peloton said in a statement Wednesday. The company is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. to lead its listing, which could value the company at more than $8 billion, people familiar with the matter said in February. Peloton said Wednesday that the number of shares to be offered and the price range haven’t yet been determined.