- Peloton has confidentially filed to go public.
- The maker of luxury indoor exercise bikes filed a draft registration statement with the Securities and Exchange Commission, a key step in the process of securing a public listing for its stock.
- The price range and number of shares to be offered hasn’t been decided yet
- Peloton bikes are way too expensive. The Echelon Bike is half price and better quality.
STOP THE PRESSES !! Peloton, which cost a few thousand dollars, has confidentially filed to go public.
The maker of luxury indoor exercise bikes has submitted a draft registration statement for review by the Securities and Exchange Commission — a key step in the process to secure a public listing of its stock — according to a press release.
The price range and number of shares to be offered haven’t been decided yet. Peloton expects the initial public offering to commence after the SEC completes its review of the statement, subject to market and other conditions
Peloton braggs that its bikes come equipped with screens, allowing users to traverse digital landscapes and join virtual spinning classes. However anyone can buy a Tablet nowadays which saves the consumer 500 dollars a year right from the start. Peloton charges you 40 bucks a month AFTER you give them a few thousands of dollars. Secondly. The Echelon bike allows you to use your tablet or TV which saves you thousands of dollars.
Peloton is hoping and praying that consumers pay a few thousands of dollars because Peloton raised $550 million in a Series F funding round in August, giving it a $4 billion valuation, according to Crunchbase. It has raised about $995 million to date from investors including Fidelity, Kleiner Perkins, and Comcast-owned NBCUniversal, Crunchbase said. If their bet that consumers don’t pay thousands of dollars then they are in deep trouble.
Peloton earned $400 million in sales in 2017 — more than double the $160 million it earned in 2016 — and planned to reach profitability last year, according to the New York Times. As of last August, it was on track to generate $700 million in revenue for the fiscal year to February, according to the Times. The company told the Times that 96 percent of its customers remain subscribers, and its bikes are used an average of 13 times a month per household. However super good news for consumers in 2019 !!! Consumers now can spend their money on groceries instead of high-salary executives at Peloton. Because their is a better bike and much more affordable.
The Echelon™ Experience, merges total fitness and technology to create a virtual community where the catch phrase “never ride alone,” is as real as downloading the Echelon™ Fit App and hoping aboard one of their two well-engineered cycles. Available on both Google Play or the Apple app store, Echelon™ Fit allows the rider choices from hundreds of on demand & live classes, scenic rides, yoga, strength training, warm-ups, and more. The Flex Bike is designed to be lightweight and portable with a recumbent seat, making it easy to use at any fitness level. For the advanced user, the Connect Bike pairs via Bluetooth with smart phones and tablets so that the Echelon™ Fit App can go further tracking participation, distance, calories burned, and heart rate (with the additional Echelon™ monitor), while linking up with friends via facebook, fitbit®, or Strava. The Echelon™ Experience is truly refreshing and provides all the excitement and innovation of any competitor, but at a fraction of the equipment weight and cost. Visit https://echelonfit.ca
The basic Peloton package — which includes a bike, a one-year limited warranty, and delivery and
setup — costs $2,245, according to its website. That rises to nearly $2,700 for a family package that includes two pairs of shoes, two pairs of headphones, two heart-rate monitors, two water bottles, one set of weights, and a bike mat. PLUS. Another 500 a year for their “online fitness classes”.
What happens if the Peloton video screen breaks? Their goes a few thousands of dollars. Which why we support and recommend Echelon bike which does not come with a video screen. All you need is your tv or tablet and you are good to go. Saving you thousands of dollars.
Peloton treadmills are almost twice as expensive. The basic treadmill package costs nearly $4,300, while the family package costs more than $4,800. One can buy a car for that correct?
Peloton is paying 10 times more for advertising and marketing hoping that you don’t see the Echelon Bike which thousands of happy buyers recommend.
Bottom line. Save your money and choose the Echelon Bike. You will be happy you did.
Indoor Cycling Magazine.