IPO stock prices for Peloton Interactive are looking as stationary as its high tech stationary bicycles.The New York City-based luxury exercise company’s stock slid 6.9% from its IPO price right out the gate.Trading on the Nasdaq under the stock ticker (PTON), Peloton opened Thursday at $27 per share, down from $29 Wednesday evening.The lower stock…
Exercise bike and treadmill company Peloton priced its initial public offering this evening at $29 per share. As part of the IPO, Peloton is offering 40 million Class A common stock to the public. Peloton was expected to price its IPO between $26 to $29 per share, so this falls on the higher end. With…
It makes lazy people like me work out. That’s the genius of the Peloton bicycle. All you have to do is velcro on the shoes and you’re trapped. You’ve eliminated choice and you will exercise. Through a succession of savvy product design choice I’ll break down here, Peloton removes the friction to getting fit. It’s the…
Peloton, which debuted its IPO prospectus last month, plans to charge as much as $29 per share in its upcoming Nasdaq listing. In an amended S-1 filing released Tuesday afternoon, the developer of internet-connected stationary bikes and treadmills announced a proposed price range of $26 to $29 per share, allowing the company to raise as…
Peloton, the well-funded maker of internet-connected bikes and treadmills, has revealed documents for its upcoming initial public offering. The business previously submitted a confidential draft submission of its S-1 statement to the U.S. Securities and Exchange Commission in June. The company, which plans to raise $500 million in what could be a placeholder amount, will…
