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Peloton Seeking to Raise $1 Billion in Public Stock Offering

By Aidan Ryan
· · Source: The Information

Fitness company Peloton is raising $1 billion in a stock offering, supplementing the company’s cash reserves as it grapples with a sharp slowdown in growth and significant losses in the most recent quarter. Peloton is selling roughly 24 million shares priced at $46 each, a slight discount to where the stock has been trading in the past few days. The news Tuesday morning slightly lifted...

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