Peloton Aims to Prove It's Not Just a Fitness Fad as It Prepares IPO

The transcript discusses Peloton's business model, focusing on its valuation as a media company rather than just a hardware company. It highlights the growth in Peloton's subscription services and investor interest, leading to a significant valuation increase. The company plans an IPO with a valuation between $8 and $10 billion. Peloton's competition includes high-end gyms like Equinox, and it aims to reach a broader audience by offering affordable subscription services. The transcript also touches on the broader tech IPO pipeline, mentioning companies like Lyft and Uber.

What kind of growth is Peloton experiencing according to the text?

Who are Peloton's competitors as discussed in the text?