Talent-representation company Endeavor is pulling its IPO. It was expected to begin trading Friday.
*Endeavor Was Expected to Begin Trading FridayShares of Peloton Interactive Inc. PTON -11.17% dropped on their first day of trading and Endeavor Group Holdings Inc. scaled back its planned initial public offering, dealing a blow to the market for IPOs.
Shares of Peloton, known for its exercise bikes where users can watch workout videos from home, started trading Thursday at $27 a share, nearly 7% lower than the $29 price set in the company’s IPO. The Nasdaq-listed stock closed down 11.2% Thursday to $25.76 a share.Peloton is one of a handful of notable IPOs this year to fall on its first day of trading. Shares of Uber Technologies Inc. UBER -0.35% slumped 7.6% when they made their debut in May, and shares of SmileDirectClub Inc. SDC -10.
Meanwhile, talent-representation company Endeavor lowered its expected range to between $26 a share and $27 a share and reduced the number of shares it is selling to 15 million. That is below the 19.4 million shares it had planned to sell for between $30 and $32 a share. Endeavor, which postponed its IPO plans earlier this year before picking them back up recently, is expected to start trading Friday on the New York Stock Exchange.Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Endeavor pulls plug on IPO day before debut, report saysMega talent sports agency Endeavor abandoned its IPO plans due to weak stock market demand, according to a source, Reuters and the Wall Street Journal reported Thursday.
Consulte Mais informação »
Endeavor Lowers IPO Price Range to $26-$27, Reduces Volume of Shares for SaleEndeavor Group Holdings has lowered the target price range for its IPO and reduced the number of shares that will be available for sale to the public as of Friday. In a Securities and Exchange Comm…
Consulte Mais informação »
Endeavor Cuts Price Of IPO In Final Day Before Going PublicEndeavor has lowered the price of its initial public offering and decreased the number of shares up for sale as the company prepares to hit the market in a decidedly mixed IPO climate. Coming to ma…
Consulte Mais informação »
Endeavor lowers its IPO price range ahead of its market debutEndeavor, the owner of WME-IMG and UFC, has lowered the price range of its shares ahead of its much-anticipated initial public offering
Consulte Mais informação »
WeWork CEO steps down amid drug use allegations, failure to launch IPOLayoffs of 5,000 employees could follow, as well as the closing of ancillary businesses such as its private grade school and computer programming school.
Consulte Mais informação »
Germany's TeamViewer makes year's top European IPO at 5.25 billion eurosGerman software company TeamViewer priced its initial public offering o...
Consulte Mais informação »