Which Peloton? Doppelganger IPOs Could Confuse Traders Again

(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.

©2019 Bloomberg L.P.