Comcast NBCUniversal and Grace Beauty scored exits as Peloton Interactive floated at the top of its range to raise $1.16bn, getting a further $100m in a private placement.
Peloton Interactive, the exercise equipment and class provider backed by mass media group Comcast NBCUniversal and cosmetics distributor Grace Beauty, went public today in a $1.16bn initial public offering.
The company floated on the Nasdaq Global Select Market after pricing 40 million class A shares at the top of the IPO’s $26 to $29 range.
Growth equity firm TCV paid $100m for almost 3.45 million class A shares, which have the same value but 5% of the voting rights…
