By late Thursday Endeavor Group decided to withdraw their planned initial public offering of shares, set for Friday. The decision came after Peloton went public Thursday and saw its shares fall 11 percent from the opening price. Like Endeavor, Peloton loses money. The company said in their statement, “Endeavor will continue to evaluate the timing for the proposed offering as market conditions develop.” Facing tepid interest from public investors, Endeavor had already modified the IPO terms earlier in the day. They had lowered the expected share price to between $26 and $27 a share (down from $30 to $32 a […]
