A Peloton IPO is in the works for the fitness company.
Source: Shutterstock
Here’s what potential investors need to know about a possible Peloton IPO.
- However, this is likely only proxy number that the company has in place while it measures interest.
- That much better than its 2017 revenue of $218.60 million and 2018 revenue of $435.00 million.
- Peloton notes that its net losses for 2019 were $195.60 million.
- That’s likely a red flag for investors, but there’s more.
- Peloton also notes that part of its strategy for the future is to grow its membership while retaining its current members.
- The fitness company sells premium exercise equipment that isn’t something the average individual will have in their homes.
- It also sells subscription memberships that give customers access to its workout sessions.
You can to check out the Peloton IPO filing for yourself.
More From InvestorPlace
As of this writing, William White did not hold a position in any of the aforementioned securities.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
