If You Invested $5,000 in Peloton's IPO, This Is How Much Money You'd Have Now
Connected-fitness company Peloton Interactive (NASDAQ: PTON) went public on Sept. 26, 2019, and the initial public offering (IPO) was an overwhelming dud. The IPO was priced at $29 per share, which was at the high range of expectations. But the stock began trading at $27, and it ended the year lower than where the IPO priced.
There was plenty to like with Peloton when it went public, as we'll see in a moment. But there was also reason for concern, even if those fears seem overblown in hindsight. Let's look at why someone would have wanted to bet big on Peloton's IPO and what we can learn from this to spot tomorrow's life-changing investments.
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Source Fool.com
