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Peloton Thinks It’s the Next Apple – It’s Actually the Next GoPro

Peloton Interactive went public today, and its stock quickly plunged below its $29 IPO price in the third-worst unicorn debut since 2008. The IPO comes a week after fellow unicorn WeWork abandoned its listing process. It also comes a year after the company raised $550 million at a $4.5 billion valuation. Peloton: the fitness industry’s…