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