Peloton is spinning to the public market
The tech-enabled exercise bike startup, founded in 2012, has released documents for its upcoming initial public offering . It tentatively plans to raise $500 million, and will trade on Nasdaq under the symbol PTON.
The company, which offers customers a library of 13,000-plus online fitness classes in addition to manufacturing stationary bikes, has surpassed 1.4 million members, defined as anyone with a Peloton account. Its connected fitness subscriber base -- those using the workout videos -- grew to 511,000 in fiscal 2019, a 108% jump from fiscal 2018, when the company claimed 246,000 connected subscibers.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Racist Joe Arpaio Wants to Crawl Back Into His Old Sheriff JobJoe Arpaio—the former Maricopa County sheriff whose 24-year tenure was defined by virulent racial profiling, resurrecting chain gangs, and generally running his department like an old-timey vigilante squad shooting Colt .45s into the constitution—would like his old job back.
Lire la suite »
Donald Trump says he wants to make Iran and North Korea richPresident Donald Trump said Monday that Iran and North Korea were lands of 'tremendous potential' and he'd like to help them explore that.
Lire la suite »
Opinion | The Market Gets What It WantsFrom WSJopinion: Expect the stock market to be more spasmatic, not less, until trade is resolved, writes andykessler
Lire la suite »
Trump Wants to Host Next Year’s G7 At One of His Golf CoursesTrump’s blatant advertisement for Trump Doral was one of several surreal moments of this weekend’s summit, where world leaders took pains to avoid triggering a presidential meltdown.
Lire la suite »