Peloton Interactive Inc.’s newly disclosed IPO documents show ballooning losses for the maker of high-end exercise bikes.
Peloton Interactive Inc. on Tuesday disclosed documents related to its initial public offering, which showed ballooning losses for the maker of high-end exercise bikes.Peloton said it lost a net $163.4 million in fiscal 2017, which dwindled to $47.9 million the following year and rose to $245.7 million in fiscal 2019, ended June 30.
Peloton filed to sell $500 million worth of shares, although that number is likely a placeholder used to calculate the filing fees of $60,600. “We make fitness entertaining, approachable, effective and convenient, while fostering social connections that encourage our members to be the best versions of themselves,” it said.
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