, the maker of pricey in-home bicycles and treadmills paired with on-demand fitness classes, announced today that it to go public confidentially. The New York-based company said it has not yet determined the number of shares to be offered or the price range.
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The news is not shocking as we all knew it was coming. In February, our EIC Alex detailed the company鈥檚 funding history in advance of the big day.聽Since it was founded in 2012, Peloton has raised . Its most recent raise was a $550 million Series F that was announced last August at .
Backers include many heavyweight investors such as , and among many others.
As for its financials, Alex wrote in February that 鈥淧eloton has posted material revenue and strong top-line growth in recent years. The subscription exercise shop 聽during 2017 and is on in its current fiscal year. That鈥檚 the sort of growth that investors love from venture-backed companies like Peloton.鈥
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