KRTL BioTech

Peloton's stock takes a spill, even as IPO underwriters cheer it on

Peloton's stock takes a spill, even as IPO underwriters cheer it on

Shares of Peloton Interactive slumped 6% on Monday, even after a multitude of buy ratings from the stationary bike seller's IPO banks, underscoring Wall Street's growing exhaustion from money-losing startups.