High-end fitness startup Peloton priced at $29 per share on Wednesday, at the top of its expected price range.

Axar.az reports citing CNBC that the company, which will begin trading on the Nasdaq under the ticker “PTON,” raised $1.16 billion in its initial public offering by selling 40 million shares. Peloton expected to price its equity at between $26 and $29 per share.

The New York-based fitness hardware company, known for its nearly $2000 stationary exercise bike and streaming workouts, confidentially filed to go public back in June. We covered its S-1 and its funding history, which you can read about here and here.

Peloton raised nearly $1 billion while private, with its most recent raise totaling $550 million last August, according to Crunchbase data. The company last had a private valuation of $4.15 billion and was backed by investors like Tiger Global Management and Kleiner Perkins along its road to the public market.s.

Peloton’s reported revenue of $915 million in its fiscal 2019, up sharply from its $435 million total revenue in its fiscal 2018. That’s a gain of 110 percent. But its losses also mounted–the company reported a net loss of $195.6 million in fiscal 2019, compared to $47.9 million in fiscal 2018.