Peloton stock bounces even as the $1.1 billion stock offering priced at a discount
Marketwatch -

Shares of Peloton Interactive Inc. reversed course to bounce 4.9% in morning trading Tuesday, even after the home fitness company said the stock offering announced earlier had priced 7.6% below current levels. The rally reverses a loss of as much as 7.3% in premarket trading, when the launch of the stock offering was announced. The company raised about $1.1 billion, as it sold 23.91 million Class A shares at a price of $46.00 a share. That price was 3.1% below Monday's closing price of $47.47,...

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