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Peloton IPO Reflects Cult Status With Subscriber Base Despite Net Loss

Aug 28, 2019 - New York Observer

As the fitness startup prepares to go public, all eyes are on Peloton's S-1 document.

The manufacturer of indoor bikes revealed its finances in its Securities and Exchange Commission (SEC) filing on Tuesday, showing a cash-burning operation with a net loss of $245.7 million in 2019 thus far.

SEE ALSO: A Recession Would Burst the Boutique Fitness Bubble

As with most tech unicorns making their public debut this year, Peloton's IPO grand plans face concern over its lack of profit ...