Peloton Interactive Inc., the fitness startup known for on-demand workout programs on its exercise bikes, is now a public company.
In its updated IPO prospectus, filed on Wednesday, Peloton said it expects to raise $1.16 billion in the IPO and initially valued the company at $8.1 billion. The amended S-1 filing also revealed that its two law firms, Fenwick & West and Latham & Watkins, are getting $2.55 million in legal fees and expenses for the digital fitness company’s IPO work.
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