NEW YORK: Peloton Interactive, the U.S. fitness startup known for on-demand workout programs on its exercise bikes, on Wednesday raised US$1.16 billion in its initial public offering after pricing shares at the top end of its target range.
This valued Peloton at around US$8.1 billion, almost double its most recent valuation in the private market of US$4.15 billion, according to data provider PitchBook.
Source: Healthcare Press (healthcarepress.net)
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