Fitness company Peloton announced Wednesday it has filed for an IPO, beginning the process to possibly join a growing list of businesses that have gone public this year.

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Peloton — known for its luxury indoor exercise bikes, but described as a fitness, technology and media company — said it filed the paperwork confidentially and has not yet determined the number of shares or the price range it will offer. The JOBS Act allows a company to file confidentially if it generates less than $1 billion in revenue.

Peloton was founded in 2012 and sold its first bike two years later with the goal of changing how people exercise from the comfort of their homes. The company focuses on using “technology to bring group exercise” right to consumers’ homes.