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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Peloton files for IPO

Indoor cycling giant Peloton has revealed plans to launch an initial public offering (IPO).

The company, which was launched in 2012, has more than 1 million people using its streaming workouts and was valued at around US$4bn (€3.6bn, £3.2bn) in August 2018.

It recently raised US$550m (€489m, £433m) financing from investors including UK's Bailie Gifford and Felix Capital and led by US giant TCV, whose interests include entertainment giant Netflix.

In a short statement, Peloton said: "We confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC"), relating to the proposed initial public offering of its common stock.

"The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions."

Peloton offers studio-style workouts in the convenience of people's homes. The service streams up to 48 live classes a day from its New York- and London-based studios and also has a library of thousands of on-demand classes.

It was founded in 2012 by John Foley, Tom Cortese, Hisao Kushi, Yony Feng and Graham Stanton.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Indoor cycling giant Peloton has revealed plans to launch an initial public offering (IPO).
HAF,FIT,IND,PTS
imagesX/THUMB342094_485460_497962.jpg
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News

Peloton files for IPO

Indoor cycling giant Peloton has revealed plans to launch an initial public offering (IPO).

The company, which was launched in 2012, has more than 1 million people using its streaming workouts and was valued at around US$4bn (€3.6bn, £3.2bn) in August 2018.

It recently raised US$550m (€489m, £433m) financing from investors including UK's Bailie Gifford and Felix Capital and led by US giant TCV, whose interests include entertainment giant Netflix.

In a short statement, Peloton said: "We confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC"), relating to the proposed initial public offering of its common stock.

"The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions."

Peloton offers studio-style workouts in the convenience of people's homes. The service streams up to 48 live classes a day from its New York- and London-based studios and also has a library of thousands of on-demand classes.

It was founded in 2012 by John Foley, Tom Cortese, Hisao Kushi, Yony Feng and Graham Stanton.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Indoor cycling giant Peloton has revealed plans to launch an initial public offering (IPO).
HAF,FIT,IND,PTS
imagesX/THUMB342094_485460_497962.jpg

News

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fibodo Limited
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HCM Magazine
Reopening
Too often, booking systems are designed by IT people for IT people, rather than for members. There needs to be empathy in the messaging
HCM Magazine
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Tad Chapman from Active IQ argues that operators should take a fresh look at apprenticeships and their power to drive recovery
HCM Magazine
Management
Katie Lewis and Lindsey Simpson co-founded Workplace Mental Wealth to drive workforce change in the health and fitness industry. Liz Terry talks to Lewis about their first research study – the Fitness and Active Leisure Workforce State of Mind Survey – and the launch of The Good Work Pledge
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Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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Featured supplier: Forget the ‘Netflix effect’ – it’s all about the ‘iFit effect’ to boost member retention
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Safe Space have over 25 years of experience in the UK leisure and fitness industry, ...
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Company profile: FunXtion International BV
With our digital member solutions, branded app and branded virtual classes your clients can now ...
Supplier Showcases
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Skincare
Sothys: Skincare
Lockers/interior design
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Diary dates
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Diary dates
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Online,
Diary dates
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Diary dates
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HID Global
HID Global