Peloton Interactive Inc. Class A
157.2369 - 166.08
19.51 - 167.42
Echofin Members Consensus
Goldman Sachs (GS) is leading a $65M financing in Echelon Fitness, giving the bank and an additional investor a controlling stake in the exercise equipment manufacturer, Bloomberg's Gillian Tan reports, citing a statement by GS Growth member Stephen Kerns. The company competes with Peloton Interactive (PTON), LuluLemon's (LULU) Mirror, Tonal, Tempo, Icon's NordicTrack, Hydrow and other connected fitness companies with products that are more affordable than most rivals.
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