Fitness startup Peloton Interactive targets up to $1.33 bln in IPO
Sept 10 (Reuters) – Peloton Interactive Inc, the fitness startup known for on-demand workout programs on its exercise bikes, is planning to raise up to $1.33 billion in an initial public offering.
The company expects to offer 46 million shares, including the underwriters’ option, priced between $26 and $29 per share, its latest filing with the U.S. Securities and Exchange showed. [bit.ly/2ktcmoR ]
The higher end of the indicative price range gives the company a market value of $8.23 billion, based on 283.7 million outstanding shares, including the underwriters’ option. (Reporting by Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber)
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