Peloton sets IPO range between $26 and $29 per share

Peloton seeks to raise as much as $1.16 billion in its initial public offering, the company known for its connected at-home fitness equipment said Tuesday in a regulatory filing.

Peloton plans to price its shares between $26 and $29. The company is offering 40 million shares, which would value Peloton at…

$8.06 billion at the high end of the range.

The company sells fitness equipment, including stationary bikes and treadmills, that are equipped with screens. Users pay $39 a month to stream Peloton’s classes.

Peloton filed its initial prospectus last month. Documents showed while Peloton’s revenue is growing, its losses are widening. In the fiscal year ended June 30, Peloton reported sales grew 110% to…

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