Peloton sets IPO range between $26-$29 per share, plans to raise up to $1.2 bln

Peloton Interactive Inc. plans to charge $26 to $29 for shares in its initial public offering, which would raise up to $1.16 billion at a valuation of up to $8 billion. The interactive exercise-machine company, , updated with the Securities and Exchange Commission Tuesday afternoon to disclose its pricing range. The company said it plans to sell 40 million shares in the IPO, with underwriters – led by Goldman Sachs and JP Morgan – having access to an additional 6 million shares that could be sold. Peloton expects its shares to list on the Nasdaq exchange under the ticker symbol PTON.

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