CNBC June 5, 2019
KEY POINTS
- Fitness company Peloton announces it has filed confidentially with regulators for an initial public offering.
- Peloton says it has not yet decided on the number or price range of shares it expects to sell.
Peloton, best known for its exercise cycles, announced Wednesday it has filed with securities regulators for an initial public offering.
Peloton, which filed the paperwork confidentially, said it has not yet decided on the number or price range of shares it expects to sell. Companies with less than $1 billion in revenue can file confidentially under the JOBS Act.
The company makes cycles and treadmills with screens for users to join live and recorded fitness classes from their homes,...
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