Peloton Interactive Files for IPO
The connected fitness startup filed an S-1 with the SEC for a public offering on Nasdaq that will reportedly value the company at $8 to $10 billion, double the valuation of its most recent funding round last fall. The filing lists a maximum offering of $500 million as a placeholder. Like many tech companies and a few in the sporting goods industry, Peloton has a dual class share structure, with Class B common stock having 20 votes per share, and the Class A common stock that is being offered for sale just one. The Class B shares are owned by ... Log in to view full article.