Category: Peloton

Peloton said to be launching new, cheaper treadmill and higher-end stationary smart bike
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Peloton said to be launching new, cheaper treadmill and higher-end stationary smart bike

Peloton is reportedly getting ready to add to its product lineup with two new products at either end of its pricing spectrum, according to Bloomberg. The workout tech company is planning both a cheaper, entry-level smart treadmill, and a higher-end version of its stationary exercise bike, with an announcement set to take place as early…

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Peloton launches an Android TV app
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Peloton launches an Android TV app

With gyms across the country closed for business, at-home exercise companies like Peloton have found an unexpected opportunity. As the connected fitness company looks to onboard new customers, they’re also expanding platform support, announcing today that they would be bringing their app to Android TV, the OS used by millions of smart TVs. Peloton announced…

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Where Peloton (PTON) Ranks Among the Stock Market’s 2019 IPO Disasters
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Where Peloton (PTON) Ranks Among the Stock Market’s 2019 IPO Disasters

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…

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Peloton prices IPO at $29 per share
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Peloton prices IPO at $29 per share

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…

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How Peloton made sweat addictive enough to IPO
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How Peloton made sweat addictive enough to IPO

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…

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Peloton plots $1.2B Nasdaq IPO
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Peloton plots $1.2B Nasdaq IPO

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…

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Peloton files publicly for IPO
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Peloton files publicly for IPO

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…

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