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Peloton deepens IPO slump with 11% tumble in trading debut

Crystal Tse, Hailey Waller and Jason Kelly, Bloomberg News

Peloton Interactive Inc. fell as much as 15 per cent in its stock market debut Thursday, becoming the latest in a long list of unprofitable tech-oriented start-ups to flop with public investors.

The New York-based company, known for its high-end exercise bikes, joined highly anticipated listings from Uber Technologies Inc., Lyft Inc. and SmileDirectClub Inc. that failed to pop on the first day of trading for shareholders who bought in at the IPO price.


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