Latest news
Peloton's IPO doesn't go to plan – but company still valued at US$7.2bn
By Tom Walker 01 Oct 2019
![](https://www.leisureopportunities.co.uk/images/imagesX/343211_965064_843752.jpg)
Peloton CEO John Foley
Shares in Peloton have fallen 14 per cent below their initial value since the company listed on the US-based NASDAQ on 26 September.
The indoor cycling giant offered 40m shares to the open market at US$29 each – but the value of the shares has since plummeted to US$25.10.
Doing so, Peloton became the latest in a long list of tech-oriented start-ups to have experienced a lack-lustre IPO – such as peer-to-peer ridesharing firms Uber and Lyft.
According to data from Bloomberg, Peloton's IPO marks the third-worst trading debut in 10 years in the US for companies that have raised at least US$1bn.
The company is still, however, valued at US$7.2bn.
Peloton was founded in 2012 by John Foley, Tom Cortese, Hisao Kushi, Yony Feng and Graham Stanton.
![](https://www.sportsmanagement.co.uk/images/SMlogoSmall.jpg)
Sign up for FREE ezines
Related news
Sports jobs
Duty Manager (Dry)
Everyone Active
Location: St Albans, UK
Health and Fitness Instructor
Bolton Arena
Location: Bolton, UK
Head of Operations
Fife Sports and Leisure Trust Ltd
Location: Dunfermline, UK
Senior Leisure Officer
East Devon District Council
Location: Honiton, UK
Swimming Teacher
Everyone Active
Location: Rickmansworth, UK
Swimming Teacher
Everyone Active
Location: Watford, UK
Swimming Teacher jobs
duty manager jobs
Team Leader jobs
Swim Manager jobs
general manager jobs
recreation assistant jobs
More jobs
Company profile
![Company profile: Spivi Company profile: Spivi](https://www.leisureopportunities.co.uk/images/dir/944238_49896.png)
Spivi is an immersive fitness gamification platform that helps gym operators to achieve better retention by utilizing existing wearables, equipment, and sensors in the club.
View full profile >
More company profiles
Featured Supplier
![Altrafit introduces custom functional fitness equipment at Third Space
Altrafit introduces custom functional fitness equipment at Third Space](http://www.leisureopportunities.co.uk/images/2024/THUMB353527_44838_406906.jpg)
Altrafit has taken further steps to cement its reputation as a provider of high-quality,
affordable functional fitness equipment that is built to last with the development and
introduction of a new functional fitness keg for luxury gym operator, Third Space.
View full details >
More featured suppliers
Property & Tenders
Location: Chiswick, Gillingham, York and Nottingham
Company: Savills
Company: Savills
Location: Cleveland Lakes, Wiltshire and Gloucestershire
Company: Cotswold Lakes Trust
Company: Cotswold Lakes Trust
Location: Loughton, IG10
Company: Knight Frank
Company: Knight Frank
Location: Grantham, Leicestershire
Company: Belvoir Castle
Company: Belvoir Castle
Location: Hall Place House, Bexley, DA5 1PQ
Company: London Borough of Bexley
Company: London Borough of Bexley
More properties & tenders
Diary dates
08-10 Sep 2024
Wyndham® Lake Buena Vista Disney Springs™ Resort, Lake Buena Vista, United States
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
More diary dates