INSUBCONTINENT EXCLUSIVE:
This morning, Peloton (NASDAQ: PTON), the tech-enabled stationary bicycle and fitness content streaming company, raised $1.2 billion in its
NASDAQ initial public offering
Peloton, once denied (over and over again) by VC skeptics, now has hundreds of millions of dollars to take its business into a new era
One in which, the media, hardware, software, logistics and social company attempts to become a generation-defining company akin to
the ambitious, some might say foolish, decision to start a company that would sell these exercise bikes direct-to-consumer
That way, you could take a Soul Cycle class, in essence, in the comfort of your own home
Even better, technology would improve the experience.As my colleague Josh Constine recently described it, these bikes come outfitted with a
roughly, into the business
with the high margins on sales of its $2,245 bikes had the company reporting $915 million in total revenue for the year ending June 30,
2019, an increase of 110% from $435 million in fiscal 2018 and $218.6 million in 2017
A third product may be in the works, expansion to international markets or new instructors
Peloton is going after a massive market ripe for disruption
number of lukewarm consumer IPOs (Uber), nearly doubled its valuation to $8.1 billion this morning after pricing its IPO at the top of its
float.The following conversation has been edited for length and clarity.Peloton president and former Barnes - Noble CEO William Lynch.Kate
