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Peloton Flat Bike and Treadmill Company price of its initial public offering tonight at $ 29 per share. As part of its IPO, Peloton offers the public 40 million Class A common shares.
Platoon had to cost between $ 26 and $ 29 per share on its IPO. Peloton, which sells 40 million Class A shares, hopes to raise $ 1.16 billion worth more than $ 8 billion.
Platoon asked to be made public in August, reporting a total business turnover of $ 915 million for the year ended June 30, 2019. This is an increase of 110 % compared to the previous year. Prior to this IPO, Peloton raised $ 994 million for a $ 4.15 billion private market valuation.
"PTON" shares will start trading tomorrow on the Nasdaq.
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