Peloton plots $1.2B Nasdaq IPO – TechCrunch

Peloton, which debuted its IPO prospectus last month, plans to charge as much as $29 per share in its upcoming Nasdaq listing. In an amended S-1 filing released Tuesday afternoon, the developer of internet-connected stationary bikes and treadmills announced a proposed price range of $26 to $29 per share, allowing the company to raise as…

Huawei drops lawsuit over equipment seized by the U.S. government – TechCrunch

Huawei has dropped a lawsuit against the Commerce Department and other agencies after the U.S. government released telecommunications equipment seized in September 2017. The suit was filed by the Chinese company’s U.S. subsidiary, Huawei Technologies USA, in June. In a statement, Huawei said it considers the return of the equipment, including servers and Ethernet switches,…