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

Peloton CEO John FoleyPeloton CEO John FoleyKimberly White/Getty Images for TechCrunch

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.

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...

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