Peloton Stock Tumbled in Its Market Debut. Its CFO Remains Optimistic.
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Peloton Interactive , long a cult favorite among its customers, got a chilly reaction from investors on the company’s first day in the public market.

Shares closed down 11.2% Thursday to $25.76, suggesting the Peloton’s IPO price might have been too aggressive for the first wave of public investors. The company set an IPO price of $29 last night.

Peloton Stock Tumbled in Its Market Debut. Its CFO Remains Optimistic.

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