September 10, 2019 / 9:43 PM / 3 months ago

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below