Peloton IPO

[Guest phil]

Looks like the at-home fitness equipment company Peloton is "seeking to raise $1.16bn in its IPO, according to its regulatory filing on Tuesday that detailed it would list on the Nasdaq under the ticker PTON. The company is offering 40 million shares at a price target of between $26 and $29, which would value it at $8.06bn at the high end of the range. However – like most unicorns – while Peloton has seen 110% year-over-year sales growth in the fiscal year ending 30 June, its losses widened to $245.7million from $47.9million."

Anyone remeber the good old days when companies actually made money?