Peloton on Tuesday publicly released paperwork for its IPO.

on Tuesday publicly released paperwork for its IPO. The buzzy New York startup has revolutionized home fitness with its high-tech indoor bike, which enables users to stream live classes from home. More recently, it launched its second product, a treadmill that costs nearly $4,000 plus a $250 delivery fee.

One of its main rivals is indoor cycling brand SoulCycle, which launched in 2006 and now has nearly 100 studios across the United States, Canada, and UK, having recently opened in London. SoulCycle also filed to go public in 2015 but eventually pulled those plans.

We compared the experience of taking a class with each brand, and there was a clear winner.

Indoor cycling is becoming the most competitive space in the fitness market. Until 2012, SoulCycle seemed to be invincible with its cult following of fans who were prepared to pay as much as $36 a class.

Then Peloton came along. The high-tech fitness company, which launched in 2012, enables users to stream live classes from anywhere, making it possible to get a SoulCycle-style experience without ever leaving your bedroom.

And it seems to be paying off. Peloton was valued at $4 billion after it closed a $550 million financing round in August 2018. It filed for an IPO in June and on Tuesday, publicly released the paperwork for this.

In 2018, we put these two cult-favorite brands to the test to see which offered a superior experience: