Benzinga | Nov 16, 2021 07:09AM EST

Peloton Commences Underwritten Offering Of $1B Of Common Stock

Peloton Interactive, Inc. ("Peloton") (NASDAQ:PTON) today announced that it has commenced an underwritten public offering of $1 billion of shares of its Class A common stock. In addition, Peloton is expected to grant the underwriters of the offering a 30-day option to purchase up to an additional $150 million of shares of Class A common stock at the public offering price, less underwriting discounts, and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.