Streaming fitness provider Peloton went public on the Nasdaq under the ticket PTON. The company priced its IPO at $29, the stock opened at $27, and closed the week at $25.24 with a total market cap of $7.1B. Peloton was founded by Graham Stanton, John Foley, Tom Cortese, and Yony Feng in 2012 and had raised slightly under $1B prior to the IPO and $1.2B for the IPO. Investors in the company include Kleiner Perkins, GGV Capital, True Ventures, Tiger Global Management, TCV, Fidelity, Wellington Management, Fidelity Management and Research Company, QuestMark Partners, L Catterton, Grace Beauty Capital, Bullish, Felix Capital, NBCUniversal, Andrew Mitchell, Balyasny Asset Management, Winslow Capital, and Jed Katz.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.