An operating device for a bicycle is disclosed. The operating device includes a display ring and a coaxially arranged operating ring arranged to rotate relative to the display ring. The display ring includes a display for displaying information and a first magnetic element that cooperates with a second magnetic element arranged on or in the operating ring. In a first position of the operating ring relative to the display ring, the first magnetic element is proximate to the second magnetic element, and if the operating ring is rotated away from the first position, the first magnetic element and the second element magnetically cooperate to bias the operating ring back to the first position. The display ring further includes a sensor that receives a signal when in proximity of a signal providing element.