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
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.