Sunday, September 29, 2019

Peloton, Endeavor duds give IPO bankers another black eye

This trend, notable in the declines of Uber and Lyft, has accelerated in recent weeks, with SmileDirectClub posting the worst opening trade for a big IPO in more than a decade and WeWork forced to delay its listing because of tepid demand. https://ift.tt/2nFBWI6 https://ift.tt/eA8V8J

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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...