Edit: This isn't a commentary on Peloton specifically, but all of the S-1 posts we've been seeing on HN recently. I wouldn't interpret this behavior as success

Edit: This isn't a commentary on Peloton specifically, but all of the S-1 posts we've been seeing on HN recently. I wouldn't interpret this behavior as success per se. I think a significant motivating factor for going public now would be to provide liquidity for your existing investors (and yourself as the founder) before a recession hits. If you've had significant capital tied up in a company and you're worried a recession is on the horizon, then this is a great time to push your company to go public. If you wait much longer then you risk either: 1. Going public in a recession and losing some of your potential gains. 2. Waiting an unknown amount of time for the economy to rebound and to pull your cash out then. This assumes the company weathered the recession well AND given you the same or better gains than investing in something else during that time. TL;DR: Going public now is a much safer time for investors to divest than closer to or after the coming recession.