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Thursday, December 9, 2021
peloton-ipo-suffers-3rd-worst-opening-for-unicorn-since-2008

Peloton IPO Suffers 3rd Worst Opening For Unicorn Since 2008

Having priced the IPO at $29 - the upper-end of the range - and being lauded this morning by business media for being "oversubscribed", everyone's favorite clothes-rack, Peloton, is set to open dramatically below the IPO price. The home-fitness company sold 40 million shares for $29 each. Peloton is valued in the listing at about…
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