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Peloton to list on Nasdaq under ticker 'PTON'

Peloton is looking to raise about $1.2 billion in its initial public offering and it will be offering 40 million shares. Peloton is planning to price shares between $26 to $29, and at the high end of that range, that would give Peloton a valuation of about $8 billion. Yahoo Finance's Dan Roberts, Heidi Chung and Kristin Myers discuss.