Fitness Startup Peloton Files For IPO

FITNESS STARTUP PELOTON FILES FOR IPO WITH ANNUAL REVENUE OF $915 MILLION

(CNN) – Peloton has filed for an initial public offering.

The indoor fitness startup says it generated $915 million in revenue in its most fiscal year.

That’s more than double the year prior.

Even so Peloton’s net losses are growing; with the company losing more than $195 million in the most recent year.

Peloton filed IPO paperwork on Tuesday.

Peloton is best known for its internet-connected indoor bikes and subscription cycling classes that can be streamed live or on-demand into homes.

Categories: Business