(Bloomberg) -- Peloton filed for an initial public offering on Friday. No, not that Peloton.
Traders eagerly awaiting an IPO filing by Peloton Interactive Inc. -- the home exercise firm worth about $8 billion -- might have briefly been fooled when Peloton Therapeutics Inc. -- a cancer research startup -- filed its prospectus first.
Read more: The Race to Disrupt Your Tedious Treadmill Workout Is Heating Up
If both companies do go public, their similar names could spark more mistaken-identity trades tied to recent listings. Earlier this month, shares in microcap Zoom Technologies Inc. extended a 70,000 percent surge that it experienced while Zoom Video Communications Inc. went through its IPO process.
--With assistance from Courtney Dentch.
To contact the reporter on this story: Drew Singer in New York at dsinger28@bloomberg.net
To contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Catherine Larkin
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