Fitness startup Peloton's shares fall 7% in market debut

) also went public earlier this year with high expectations, but their shares have tumbled since then, after investor concerns over their steep losses.

“Companies will start prioritizing what the market is telling them they’re worth in the secondary market,” said Andrea Lamari Walne, a Silicon Valley-based partner at merchant bank Manhattan Venture Partners.“Companies are taking a very hard look at secondary transactions as an indicator of the possible performance leading into whatever form of public company they’re going to be,” she added.

Peloton said it plans to use funds from the offering to run its operations, invest in marketing and acquire new technologies.

TV

TV Peloton is garbage. They just scammed investors out of $1B.

TV I.. actually.. ride.. a bicycle. Outside.

TV When all you do is make a very easily repeatable product, of course it would fall...

TV This will bounce back. It is a money maker that ties people into a subscription and the users are addicted

TV Πόση παπάτζα πχια;

TV Dropped 11% at close

TV

TV

TV Peloton means fearless in Finland.

TV Ah so we CAN learn from history

TV 90% of new post IPO companies is empty!!! trash

TV Why is this so funny lol

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Peloton's future depends on whether investors think it's a hardware company or a fitness platformEven after falling in its stock market debut on Thursday, Peloton still trades at a steep premium to Fitbit, GoPro and Sonos. Nasdaq Highlight of their day Uh-oh ClueHeywood - the gravy train may be pulling into the station! 😜😂
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Peloton prices IPO on high-end of expectations, valuing digital fitness company at $8.2 billionPeloton is the first company to make cycles and treadmills equipped with screens for users to join live and recorded fitness classes remotely. It has earned a loyal and avid following of users, who stream its classes from their homes, hotels or the office. I’m in! onepeloton changed my life! For a clothes hanger? Maybe this time it will be different $uber, $lyft, $we
Source: CNBC - 🏆 12. / 72 Read more »