{"id":11118,"date":"2019-11-20T07:03:12","date_gmt":"2019-11-20T07:03:12","guid":{"rendered":"https:\/\/www.austinshortfilm.com\/blog\/fitness-startup-pelotons-shares-fall-in-u-s-market-debut\/"},"modified":"2019-11-20T07:03:12","modified_gmt":"2019-11-20T07:03:12","slug":"fitness-startup-pelotons-shares-fall-in-u-s-market-debut","status":"publish","type":"post","link":"https:\/\/www.austinshortfilm.com\/tech\/fitness-startup-pelotons-shares-fall-in-u-s-market-debut\/","title":{"rendered":"Fitness startup Peloton&#8217;s shares fall in U.S. market debut"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/iZxe5s9EXM0\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>Thanks for watching my video.<br \/>\nIf you like my videos, please subscribe to the channel to receive the latest videos<br \/>\nVideos can use content-based copyright law contains reasonable use Fair Use (https:\/\/www.youtube.com\/yt\/copyright\/).<br \/>\nFor any copyright, please send me a message. Shares of Peloton Interactive Inc, the fitness startup known for on-demand workout programs on its exercise bikes, slid as much as 11 per cent in their market debut, giving the company a market value of .55billion.The New York-based company&#8217;s shares opened at .00 and inched up to .25 in early trading on the Nasdaq.Peloton priced its initial public offering at  on Wednesday, at the higher end of its expected price range, raising about .16billion at a valuation of .1billion.   The company had marketed a price range of  to  per share.The valuation is based on 279.5 million outstanding shares.\u00a0Founded in 2012, Peloton sells indoor bicycles and offers packages requiring memberships to access live and on-demand classes from home.   Share this article   Share   The company was most recently valued at .15billion, according to data provider PitchBook.Goldman Sachs, J.P. Morgan, BOfA Merrill Lynch and Barclays are the lead underwriters for the IPO.Wall Street\u2019s main indexes extended declines on Thursday after a report that the United States was unlikely to extend a temporary waiver over Huawei\u2019s blacklisting, adding to worries related to an inquiry into the impeachment of President Donald Trump.Stocks in the S&#038;P 500 technology sector dropped 0.48% after Bloomberg\u2019s report on China\u2019s Huawei Technologies Co Ltd.\u00a0The Philadelphia semiconductor index .SOX, which includes a number of companies that supply to the Chinese telecom equipment maker, fell 0.73%.  A whistleblower report released earlier in the day alleged Trump used his office to solicit interference in the 2020 presidential election from a foreign country.\u00a0The report is seen as central to the impeachment inquiry.&#8217;I don\u2019t see this necessarily as a market issue unless you consider the fact that if the Chinese see that Trump\u2019s strength in office is somewhat threatened, then perhaps they will be more emboldened to try to postpone any trade negotiations until after elections,&#8217; said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.The S&#038;P energy sector, down 1.75%, was the worst performer among the 11 major S&#038;P sectors, tracking lower oil prices after a rebound in Saudi Arabian supply.The defensive consumer staples, utilities and real estate were the only gainers.The three sectors are also the best performing S&#038;P indexes this quarter as investors switched to defensive plays in the face of escalating Sino-U.S. trade tensions and mixed data that has fanned global growth concerns.Facebook Inc slipped 2.4% as a person familiar with the matter told Reuters that the U.S. Justice Department will open an antitrust investigation of the social media company.Losses in the<\/p>\n<h3>More info on Fitness startup Peloton&#8217;s shares fall in U.S. market debut<\/h3>\n<div class=\"ss-local-rss\"><div class=\"rss_header\"><h2><a href=\"https:\/\/cn.bing.com\/news\/search\/?q=Fitness+startup+Peloton%27s+shares+fall+in+U.S.+market+debut&amp;qft=sortbydate%3D%221%22&amp;format=rss\" rel=\"nofollow\" class=\"rss_title\">Fitness startup Peloton's shares fall in U.S. market debut - BingNews<\/a><br \/><span class=\"rss_description\"> Search results<\/span><\/h2><\/div><ul>\n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fwww.benzinga.com%2Fnews%2F24%2F05%2F38741220%2Fwhats-going-on-with-pelotons-stock&amp;c=2487078638731753465&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tWhat's Going On With Peloton's Stock?\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Peloton shares soared following a CNBC report Tuesday which said multiple private equity firms are considering a buyout of the company. According to the report, the company has discussed plans to go ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fwww.msn.com%2Fen-us%2Fmoney%2Fcompanies%2Ffitness-startup-that-peloton-once-tried-to-buy-is-growing-as-workout-trends-shift%2Far-BB1m68ak&amp;c=16524089030791046654&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tFitness startup that Peloton once tried to buy is growing as workout trends shift\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Connected rowing company Hydrow is growing and Peloton is shrinking as fitness buffs move away from cardio in favor of weights.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fwww.mtdemocrat.com%2Fnews%2Fnational%2Fpeloton-shares-surge-amid-reports-of-potential-buyout-by-private-equity-firms%2Fvideo_2aa6aed3-ab43-5fd3-8842-0cb4ff468d1f.html&amp;c=12715534131500054393&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tPeloton Shares Surge Amid Reports of Potential Buyout by Private Equity Firms\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Peloton shares rose following reports that private equity firms are considering a potential buyout. The company faces financial challenges after 13 consecutive quarters of losses and a recent worse-th ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fwww.businessinsider.com%2Fpeloton-company-history-rise-fall-2022-2&amp;c=9919606538170623646&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tThe rise and fall of Peloton, from pandemic-era success story to its stock hitting a record low\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Peloton's CEO Barry McCarthy is out after two years as the stock hit a record low. The fitness brand has grappled with mass layoffs, product recalls, and falling demand.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fwww.wsj.com%2Ftech%2Fcybersecurity-firm-rubrik-to-raise-752-million-in-u-s-ipo-96bf0cc9%3Fmod%3Dtech_lead_pos4&amp;c=8056436441628603966&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tRubrik Shares Jump 21% in Market Debut\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Rubrik RBRK3.26%increase; green up pointing triangle shares opened 21% higher in their market debut, as the provider of cybersecurity software became the latest tech company to tap the initial ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fkering-s-shares-fall-on-lower-profitability-outlook-252a9a00&amp;c=9677761393623517069&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tKering's Shares Fall on Lower Profitability Outlook\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Shares in Kering dropped after the owner of Gucci said it expects sharply lower operating profit in the first half, as it grapples with sluggish demand in China. At 0829 GMT shares traded 7.8% ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fen.as.com%2Flatest_news%2Fwhy-is-tesla-stock-collapsing-the-reasons-for-the-fall-of-the-companys-shares-n%2F&amp;c=12043938010522929209&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tWhy is Tesla stock collapsing? The reasons for the fall of the company\u2019s shares\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>The stock went down further during Tuesday\u2019s trading, reaching $145 per share. The year didn\u2019t start off well for Tesla, with its January earnings missing both sales and profit targets.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fwww.whec.com%2Fnational-world%2Fstock-market-today-global-shares-track-wall-street-rally-led-by-a-2-4-jump-in-tokyo%2F&amp;c=3900921080587416559&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tStock market today: Global shares track Wall Street rally, led by a 2.4% jump in Tokyo\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>HONG KONG (AP) \u2014 World shares ... The U.S. dollar rose to 154.93 Japanese yen on Wednesday from 154.82 yen late Tuesday. The euro fell to $1.0690 from $1.0699. \u201cMarket participants will ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fwww.nasdaq.com%2Farticles%2Fasian-shares-mixed-ahead-of-big-u.s.-earnings&amp;c=549318560940922162&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAsian Shares Mixed Ahead Of Big U.S. Earnings\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Key U.S. growth and ... Chinese shares fell notably after reports that the head of its central bank wants creditors engaged in debt restructurings for emerging market countries to agree on how ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=663e3d7390da4a16bec0a12ba00506b2&amp;url=https%3A%2F%2Fmarkets.businessinsider.com%2Fnews%2Fstocks%2Fuk-stocks-jd-sports-jd-eyes-us-market-with-1-08b-hibbett-acquisition-shares-rise-1033276376&amp;c=15048706913352473001&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tUK Stocks: JD Sports (JD) Eyes US Market with $1.08B Hibbett Acquisition; Shares Rise\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>JD Sports shares have gained over 6% as of writing. Meanwhile, HIBB stock was up nearly 19% in the pre-market session in the U.S. JD Sports Fashion specializes in retailing branded sportswear and ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            <\/ul> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thanks for watching my video. If you like my videos, please subscribe to the channel to receive the latest videos Videos can use content-based copyright law contains reasonable use Fair Use (https:\/\/www.youtube.com\/yt\/copyright\/). For any copyright, please send me a message. Shares of Peloton Interactive Inc, the fitness startup known for on-demand workout programs on its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[9],"tags":[2225,4227,301,5345,5319,1194],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/www.austinshortfilm.com\/wp-content\/uploads\/2019\/11\/iZxe5s9EXM0.jpg","_links":{"self":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/11118"}],"collection":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/comments?post=11118"}],"version-history":[{"count":0,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/11118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media\/11119"}],"wp:attachment":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media?parent=11118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/categories?post=11118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/tags?post=11118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}