Peloton cardio machine sits in front of a glass window
Peloton cardio machine Photographer: Johannes Berg/Bloomberg

Peloton puts its own spin on accounting metrics ahead of IPO

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Jay Ritter

Ahead of its IPO, home-exercise company Peloton may leave some investors questioning exactly what its defining metric – average net monthly connected fitness churn – is all about when reviewing its pitch. 

Cordell Eminent Scholar Chair Jay Ritter comments on the company’s journey to an initial public offering in this story from Bloomberg