Peloton files publicly for IPO

Peloton, the well-funded maker of high-tech 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 will trade on the Nasdaq under the ticker symbol PTON.

Peloton, founded in 2012, raised $550 million in venture capital funding last year at a valuation of $4 billion. The startup, which initially struggled greatly to convince venture capitalists of its vision, has since inspired a new wave of fitness tech companies to launch, including a smart mirror company appropriately named “Mirror.”

This story is developing.

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