Peloton Pumped Up to go Public

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Peloton, known for its exercise equipment featuring live video of encouraging trainers guiding users through high energy workouts,  has announced its going public.

400The fitness focused startup today announced that it has confidentially submitted a draft registration statement on Form S-1 with the SEC relating to the proposed IPO of common stock.

Peloton has not yet determined the number of shares that will be offered or the price range for the proposed offering.

According to the press release, The IPO is expected to commence after the SEC completes its review process, subject to market and other considerations.

The Peloton IPO follows Lyft, Zoom, Pinterest and Uber as fast rising startup that have gone public this year.