Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Peloton joins the IPO cycle with $8.1B debut [datagraphic]
Peloton priced its shares at $29 apiece Wednesday, at the top end of its range, giving the e-bike peddler and purveyor of happiness an initial market cap of around $8.1 billion, nearly double its last private market valuation.
CEO John Foley co-founded the at-home fitness equipment provider in 2012 and had trouble raising funding at first, but the company's first-mover advantage in the space has ultimately paid off. Tiger Global, which first invested in Peloton in 2014, currently holds the biggest stake (19.8%) in the company, worth more than $1.3 billion at the IPO price.
Using the company's IPO filing and PitchBook data, we broke down the numbers surrounding Peloton's journey to the public market:
Terms and Privacy Policy