Peloton Announces Pricing Of Initial Public Offering

NEW YORK, Sept. 25, 2019 /PRNewswire/ -- Peloton Interactive, Inc. today announced the pricing of its initial public offering of 40,000,000 shares of its Class A common stock at a public offering price of $29.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on September 26, 2019 under the ticker symbol "PTON." The offering is expected to close on September 30, 2019, subject to the satisfaction of customary closing conditions.

In addition, the underwriters have been granted a 30-day option to purchase up to an additional 6,000,000 shares of Class A common stock from Peloton at the initial public offering price, less underwriting discounts and commissions….