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The Wall Street Journal: Peloton confidentially files for IPO, but details are scant

Peloton Interactive Inc. on Wednesday said it has filed confidentially with the Securities and Exchange Commission for a proposed initial public offering.

The maker of video-streaming exercise bikes said the number of shares to be offered and the price range for the proposed offering haven’t been determined.

The filing Peloton submitted to the SEC isn’t yet visible to the public because the company has taken advantage of the commonly used confidential-filing provision introduced in 2012 as part of the Jumpstart Our Business Startups Act.

The Wall Street Journal earlier this year reported that Peloton planned to go public in 2019 and was expected to seek a valuation in excess of the roughly $4 billion estimate last year after a fundraising round led by venture-capital firm TCV.

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