قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Peloton Offers $ 1.2B Nasdaq IPO – TechCrunch

Peloton Offers $ 1.2B Nasdaq IPO – TechCrunch



Peloton, which debuted its IPO prospectus last month, plans to accrue $ 29 a share in its upcoming Nasdaq listing.

In an amended S-1 application released Tuesday afternoon, the developer of Internet-connected stationary motors and treadmills announced a suggested price range of $ 26 to $ 29 per share, allowing the company to raise $ 1.2 billion at its public offering in 2019

At the end of the proposed price, Peloton's estimate will exceed $ 8 billion.

Peloton-based New York will trade under the PTON symbol.

Peloton, founded in 2012, raised $ 550 million last year to fund venture capital at an estimated $ 4.1

5 billion. In total, the company raised $ 994 million in venture capital investments, according to PitchBook. Its S-1 filers list CP Interactive Fitness (5.4% pre-IPO) – a private equity firm Catterton – TCV (6.7%), Tiger Global (19.8%), True Ventures (12%) and Fidelity Investments (6, 8%) as major stakeholders or investors with at least 5% stake in the company.

Peloton reported an impressive $ 915 million in total revenue for the year ended June 30, 2019, a 110% increase from $ 435 million in fiscal 2018 and $ 218.6 million in 2017. Its losses, meanwhile, reached 245 , $ 7 million in 2019, significantly more than the reported net loss of $ 47.9 million last year.

The forthcoming flow of the company is expected to be one of the biggest year.


Source link