Deals
Peloton to Start IPO Roadshow as Soon as Wednesday
- Investor presentations to begin this week in Frankfurt, London
- Top-of-range listing would value Peloton at $8.1 billion
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Peloton Interactive Inc. seeks to raise as much as $1.16 billion in an initial public offering as it prepares to pitch the subscription exercise business to investors.
The home-fitness startup plans to offer 40 million Class A shares at $26 to $29 each, it said Tuesday in a filing with the U.S. Securities and Exchange Commission. A listing at the top of that range would value Peloton at about $8.1 billion based on the shares to be outstanding as listed in its filing.