Peloton CEO's Interview With CNBC

The stock debuted at $27 per share on Thursday

Sep 26, 2019

Overview:

On Thursday, September 26, 2019 Peloton Interactive Inc.(PTON, Financial) made its market debut at $27 per share, valuing the company at $7.7 billion. In honor of its initial public offering, co-founder and CEO John Foley appeared on CNBC's "Squawk Box."

During the interview, Foley said the company is in an investment mold and won't to be profitable until 2023. The process of building a multimedia studio in New York, opening new stores and expanding logistics will prevent Peloton from reporting profits going forward. Foley also discussed his belief that the company is recession-proof and will be able to continue to grow.

Interview With CNBC:

Watch CNBC's full interview with Peloton CEO John Foley on the company's IPO from CNBC.

Read more here:

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