Peloton goes public with $8 billion valuation, despite losses and legal disputes

//Peloton goes public with $8 billion valuation, despite losses and legal disputes

Peloton goes public with $8 billion valuation, despite losses and legal disputes

Fitness equipment maker Peloton has priced its initial public offering at $29 a share, raising roughly $1.16 billion. The public debut on Thursday values the digital fitness company at $8.1 billion. Peloton's last private valuation was $4.15 billion. Company brass gathered at Nasdaq to ring the opening market bell (see below). The debut comes at an awkward time for Peloton. The New York-based company, known for selling internet-connected home-exercise bikes with streaming spinning classes,…

Article by [author-name] (c) Technology News - Technology News Headlines | Bizjournals.com - Read full story here.

By | 2019-09-26T14:54:55+00:00 September 26th, 2019|Technology|

About the Author: