Peloton, the interactive fitness platform, amended their S-1 filing to add their IPO price between $26-$29 per share. According to the Prime Unicorn Index, Peloton’s last institutional round was Series F for $550M from Tiger Global, True Ventures, Fidelity, and TCV to name a few. TCV has agreed to purchase shares of Class A common stock with an aggregate purchase price of approximately $50.0 million, at a price per share equal to the IPO price.

Total funding amounts to $970M since 2012. The most recent preferred round, Series F, was in August 2018 at a price of $14.44018 per share and valued the company at $4,066,956,197 (post-money). If you take the midpoint of their price range, $27.50 per share, it would value the company at about $10 billion assuming all Class A Common is sold in the IPO. That is a 148% increase in valuation.

According to their S-1, Peloton has over 1.4M members, 55M+ total workouts, $915M revenue in FY 2019, and a 95% 12-mo retention rate.

Peloton is currently a Prime Unicorn Index component. To learn more about the Index and investment opportunities please contact us.