NEW YORK: Peloton Interactive Inc. will sell $1 billion of stock, a company statement said.

Durable Capital Partners LP, TCV, and funds and accounts advised by T. Rowe Price Associates Inc. have expressed an interest in buying shares in the offering, Peloton said in a statement.

This is the first public offering in Peloton since its 2019 initial public offering at $29 per share.

Goldman Sachs and J.P. Morgan, the two lead banks on the IPO, are underwriting the new deal.
Peloton Interactive, Inc. is an American exercise equipment and media company based in New York City.

Peloton’s main products are internet-connected stationary bicycles and treadmills that enable monthly subscribers to remotely participate in classes via streaming media.