Peloton files publicly for IPO

Peloton, the well-funded maker of internet-connected stationary bikes and treadmills, has finally revealed documents for its upcoming initial public offering. The business previously submitted a confidential draft submission of its S-1 statement to the U.S. Securities and Exchange Commission in June.
The New York-based company, which plans to raise $500 million in its Nasdaq offering, will trade under the ticker symbol PTON.
Peloton reported $915 million in total revenue for the year ending June