You can now invest on Peloton stocks via eToro’s advanced trading platform.
You will find the instrument of this American exercise equipment and media company under Industries > Services.
The company’s initial public offering on September 25 was priced at $29 per share.
Peloton (PTON) is an innovative exercise equipment giant that manufactures luxurious interactive workout bicycles.
The company was established in 2012 and is a very popular brand among fitness enthusiasts with its sophisticated exercise bikes that comes with subscription services allowing their users to stream live and on-demand classes.
Here’s a fact:
As a private company, Peloton already had a value of over $4 billion and with its IPO, it is aiming to raise $500 million!
The company posted a whopping $915 million in total annual income last June from private investors and venture capitalists.
And now that it has debuted in the stock market with favorable market conditions, eToro has made this underlying instrument available for trading.
A word of caution:
IPO’s can cause market price fluctuations so there’s a possibility that Peloton’s initial price on eToro’s platform may have a noticeable difference from its actual IPO value.