Peloton Was Priced at $29 a Share

Peloton的IPO定价为每股29美元

—when it started trading in its initial public on Thursday. The only problem is that the IPO was priced at $29 a share, $2 higher.

Peloton (PTON)周四（9月26日）开始挂牌交易时股价为27美元，但问题是该公司IPO的发行价为每股29美元，要高出2美元。

Peloton (ticker: PTON) makes high-tech stationary bikes. And it was the latest in a series of disappointing public offerings from so-called unicorns— companies with private market valuations above $1 billion. Uber and Lyft’s public offerings were both disappointing, and WeWork just postponed its IPO in response to investor skepticism about its valuation.

Peloton生产高科技健身单车。之前独角兽公司（即私人融资中市值超过10亿美元的公司）进行的一系列IPO表现令人失望，Peloton是最近上市的独角兽公司。优步(Uber)和Lyft的IPO表现均表现不佳，WeWork为了回应投资者对其估值的疑虑而推迟了上市日期。

Things didn’t get much better for Peloton after its stock started trading—shares fell 11% by the end of Thursday’s session.

Peloton的股票开始交易后，情况并没有好转。截至周四交易结束时，该公司股价下跌了11％。

General Motors Stock Rose 1.3% on Thursday

通用汽车股价周四（9月26日）上涨1.3％

The jump came after the news that the auto maker was getting closer to reaching a deal with its striking workers. As part of the negotiations, GM agreed to reinstate health insurance for its 48,000 employees who are members of the United Automobile Workers union.

有关通用汽车接近与罢工工人达成协议的消息传出后该公司股价上涨。作为谈判的一部分，通用汽车同意为其4.8万名隶属于美国汽车工人联合会(United Automobile Workers)的雇员恢复健康保险。

And all of the unsettled proposals were at the “main table” by Thursday, which means that the two sides could reach a deal soon, as long as the talks don’t break down. GM’s workers have been on strike since September 16. 

直到星期四，所有尚未解决的提案都在“主要议程”上，这意味着只要谈判不破裂，双方就可以很快达成协议。自9月16日以来，通用汽车的工人一直在罢工。

One analyst estimated that the company could be losing about $50 million in earnings a day from lost production.

一位分析师估计，通用汽车每天可能因产能损失而亏损约5000万美元。

Endeavor Was Targeting a New Market Value of $6.4 Billion

Endeavor力求把市值降至64亿美元

—in its initial public offering. At least, that’s what it planned until Thursday, when it reportedly cancelled the IPO.

Endeavor希望在IPO中的市值达到这一规模。但据报道，该公司周四（9月26日）取消了IPO。

Endeavor is a talent agency and events company—it owns 50% of the mixed-martial-arts business UFC. It had originally planned to sell shares at a market value of $7.8 billion in an IPO today.

Endeavor是一家经纪人公司和活动主办公司，该公司拥有终极格斗冠军赛(UFC) 50％的混合武术业务的股份。Endeavor最初计划周四发行股票，市值为78亿美元。

But those plans hit a serious speed bump Thursday. First the company decided to scale down its IPO plans. Then it decided to withdraw it altogether—that’s according to the Wall Street Journal. While the report didn’t specify why, the news came after Peloton’s IPO proved to be unpopular.

但是这些计划在周四遭遇挫折。首先，该公司决定缩减IPO规模。然后，据《华尔街日报》(The Wall Street Journal)报道，该公司取消了IPO。虽然《华尔街日报》的报道没有说明具体原因，但这一消息是在投资者对Peloton的IPO兴趣平平之后传出的。

翻译 | Anqi

版权声明：

《巴伦》(barronschina) 原创文章，未经许可，不得转载。英文版见2019年9月27日报道“Podcast: A $6.4 Billion Valuation for Endeavor, and Two More Numbers to Know”。

（本文内容仅供参考，投资建议不代表《巴伦》倾向；市场有风险，投资须谨慎。）