Fitness Startup Peloton Files For IPO
FITNESS STARTUP PELOTON ARCHIVE FOR OPI WITH ANNUAL INCOME OF $ 915 MILLION
(CNN) – Peloton has submitted an preliminary public supply.
The indoor health startup says it generated $ 915 million in income in its most fiscal 12 months.
That’s greater than double that of the earlier 12 months.
Even so, Peloton's internet losses are rising; with the corporate dropping greater than $ 195 million in the latest 12 months.
Peloton submitted IPO paperwork on Tuesday.
Peloton is finest recognized for its indoor bicycles related to the Web and its subscription biking lessons that may be transmitted stay or on demand to properties.