The US company sells expensive stationary bikes and provides on-demand workout sessions.

Peloton said it would price shares at up to $29, giving it a potential market valuation of more than $8.2bn.

The planned Nasdaq listing follows disappointing debuts from Uber and Lyft.

Founded in 2012, the New York-based company sells fitness equipment - with bikes priced at around $2,000 - fitted with touchscreens.

Users then purchase a subscription to access classes streamed live and on-demand. The firm said it has more than 1.4 million members.

"On the most basic level, Peloton sells happiness," founder John Foley previously said.

In a regulatory filing, the firm said it plans to offer 46 million shares, priced between $26 and $29 per share. That would give the company a market value of up to $8.2bn.

Peloton's most recent earnings report showed a rise in revenues but the company fell short of turning a profit.

For the year ended 30 June, revenues more than doubled to $915m while its net loss widened $195.6m from $47.9m.