Read this before wheeling and dealing.
However, according to the very first substantive section of Peloton’s PTON, +0.00% filing for an initial public offering, that is not what the company is. Instead, it is described as a technology company, a media company, a software company, a product-design company, a retail company, an apparel company and “a social connection company that enables our community to support one another.”
Less than two months after the end of its fiscal year, Peloton filed to go public Tuesday afternoon, and aims to raise an estimated $500 million. Most notable IPO filings list an initial target of $100 million — a placeholder meant to calculate potential fees while underwriters determine a likely price — so the higher figure suggests large ambitions for Peloton’s capital raise.
Those members have roughly 511,000 subscriptions to Peloton’s core streaming offering, which costs $40 a month and is, on average, used by exactly two “members,” according to Peloton. Another 102,000 people or so pay nearly $20 a month for a lesser subscription, which offers exercise classes that don’t require a machine, such as yoga and walking/running.
1/ $PTON Peloton subscriber churn looks to me to be around 20-30% per year. But they reported churn of 0.7%!!
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peloton reveals IPO documents showing widening losses of $245.7 million on sales of $915 millionPeloton, which previously said it had filed the paperwork confidentially, makes cycles and treadmills with screens for users to join live and recorded fitness classes from their homes, hotel rooms or offices.
Read more »
Peloton, the startup behind the connected fitness craze, files for IPOThe startup will trade on the NASDAQ under the ticker 'PTON.'
Read more »
Peloton Races To IPO With $915 Million In RevenueThe popular fitness company has more than 511,000 subscribers whose purchases of its bikes and treadmills have made up the bulk of its 2019 revenue.
Read more »
Fitness startup Peloton files for IPO with annual revenue of $915 millionPeloton, the indoor fitness startup, filed paperwork on Tuesday for an initial public offering.
Read more »
Peloton Wants to 'Sell Happiness' With IPO, But Faces Serious Music Licensing Risks'We may be unable to license a large amount of music,' the exercise bike startup says, which could 'materially harm' its business.
Read more »
Exercise-bike startup Peloton filed for IPO and revealed a long list of risk factors that investors should knowA saturated fitness market, growing competition, and a management team that has limited experience running a public company are among its key risks.
Read more »