Peloton IPO Begins Trading on Nasdaq at $29 a Share
September 26, 2019 at 10:44 AM EDT
Luxury fitness company Peloton (PTON) began trading on Nasdaq Thursday at a price range of $29 per share. In exchange for issuing 40 million Class A shares, the company raised $1.16 billion, which values Peloton at $8.1 billion. Peloton is the first company to make cycles and treadmills equipped...