Peloton says it plans to raise as much as $1.2 billion in its IPO

Kimberly White/Getty Images for TechCrunch

Peloton CEO John Foley

Peloton, the buzzy maker of expensive internet-connected stationary bikes and treadmills, will seek to raise as much as $1.2 billion in its initial public offering.

Complimentary Tech Event

Transform talent with learning that works

Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

The New York company plans to sell its stock between $26 and $29 a share, the company said in its S-1 filing on Tuesday.

This story is developing...