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Fitness equipment maker Peloton is adding to its top line as well as its net losses, the company revealed in a pre-IPO filing on Tuesday. 

Peloton posted revenue of $915 million for fiscal 2019, representing growth of 110% over the prior year. Its net losses also widened, with Peloton reporting a loss of $245.7 million compared to $47.9 million in fiscal 2018. 

Pelton, which sells at-home fitness equipment as well as memberships for at-home workouts, said it has a membership base of 1.4 million. Of those members, 511,202 are defined as "connected subscribers," meaning they have a paid subscription. That number increased this year up from 245,667 in 2018. 

Its take-home equipment ranges from $2000 to about $4000, and various subscriptions range from about $20 to $40 per month. 

Its underwriters, Goldman Sachs (GS) and J.P. Morgan (JPM) , reportedly valued the company at $8 billion in February.

Peloton is aiming to raise $500 million in its IPO. It is due to list shares on the Nasdaq under the ticker PTON. 

J.P. Morgan and Goldman Sachs are key holdings in Jim Cramer's Action Alerts Plus portfolio. 

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