Loss-making teeth alignment company SmileDirectClub has seen its shares tumble since its IPO earlier this month, while ride-hailing companies Uber Technologies and Lyft Inc , which have no stated timetable for becoming profitable, have also struggled since going public earlier this year.
On Thursday, having priced at the top of its target range, shares of fitness startup Peloton Interactive Inc slid as much as 7% in their market debut.
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