Peloton has confidentially filed to go public

Peloton/Business Insider

• Peloton has filed to go public.
• The maker of luxury indoor exercise bikes has filed a draft registration statement with the Securities and Exchange Commission, a key step in the process of securing a public listing for its stock.
• The price range and number of shares to be offered hasn't been decided yet.
• Read more about Peloton on Markets Insider.

Peloton has filed to go public.

The maker of luxury indoor exercise bikes has confidentially submitted a draft registration statement with the Securities and Exchange Commission - a key step in the process to secure a public listing of its stock.

The price range and number of shares to be offered haven't been decided yet. Peloton expects the initial public offering to commence after the SEC completes its review of the statement, subject to market and other conditions.

Peloton bikes come equipped with screens, allowing users to traverse digital landscapes and join virtual spinning classes. The company

The basic Peloton package - which includes a bike, a one-year limited warranty, and delivery and setup - costs $2,245, according to its website.

That rises to nearly $2,700 for a family package that includes two pairs of shoes, two pairs of headphones, two heart-rate monitors, two water bottles, one set of weights, and a bike mat.

This story is developing. Check back for updates...