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EDR - U.S. IPO Weekly Recap: The Wheels Come Off Peloton's Debut Endeavor Pulls IPO As The Q3 Nears End
Education Realty Trust Inc.
Just two companies went public this week, and one postponed hours before pricing. Five companies and two SPACs submitted initial filings.
The story of the week was Peloton (PTON); the fitness equipment retailer broke issue, opening at $27 after pricing at the high end of their range. It traded further down, ending the week down 13%. It raised $1.2 billion at a $9.6 billion valuation and raised an additional $100 million through a private placement with existing shareholder TCV.
Non-prime lender Oportun Financial (OPRT) priced its $94 million deal at the low end for a