Indoor fitness start-up Peloton has launched plans for an IPO to raise $500m, after revenues more than doubled to $915m and despite losses quadrupling to $195.6m. The company has doubled the number of subscribers to its internet-connected bikes and cycling classes to 1.4 million. Peloton also offers treadmills fitted with touchscreens for classes and has a total of more than 511,000 members. The amount the firm wants to raise in the IPO could change depending on investor demand.
Indoor fitness start-up Peloton has launched plans for an IPO to raise $500m, after revenues more than doubled to $915m and despite losses quadrupling to $195.6m. The company has doubled the number of subscribers to its internet-connected bikes and cycling classes to more than 511,000. Peloton also offers treadmills fitted with touchscreens for classes and has a total of 1.4 million members. The amount the firm wants to raise in the IPO could change depending on investor demand.