Comcast and Grace Beauty-backed exercise equipment provider Peloton has filed to raise up to $500m in an offering on the Nasdaq Global Select market.
US-based exercise equipment producer Peloton Interactive formally filed for a $500m initial public offering yesterday that would enable mass media group Comcast NBCUniversal and cosmetics supplier Grace Beauty to exit.
Peloton sells high-grade exercise bikes and treadmills with video screens that broadcast interactive fitness classes their users can access through a subscription scheme with 1.4 million members.
The company more than doubled revenue to $915m in the first half of this year, compared to the first half of 2018,…
