小蓝视频色情网页版

Story updated with closing price.

Fitness startup 鈥檚 stock closed at $25.76 per share on its first day of trading, about 11 percent lower than its IPO price.

The company’s shares opened nearly 7 percent lower than its IPO price and continued to decline throughout the day. Peloton priced its shares at $29 each on Wednesday, at the top of its range. It raised $1.16 billion with its initial public offering, which sold 40 million shares.

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Its debut on the public markets–it鈥檚 trading on the Nasdaq under the ticker 鈥淧TON鈥�–was less than impressive. The company鈥檚 stock was trading at $26.92 around 1:15 p.m. EST. But still, it was within the pricing range of $26 to $29 per share that the company previously set.

Peloton is known for its high-end (we鈥檙e talking nearly $2,000) stationary bike and streaming workouts. The company reported having 1.4 million members so far in its S-1 filing, and recorded 58 million workouts in fiscal 2019.

New York鈥檚 Peloton raised nearly $1 billion in total funding as a private company, and last had a valuation of $4.15 billion. and are among its investors.

The company鈥檚 revenue has been rising fast, increasing 110 percent from $435 million in fiscal 2018 to $915 million in fiscal 2019.

Peloton joins a slew of other consumer-facing tech or tech-adjacent startups to go public this year, including , , and . It also joins Uber and SmileDirectClub in having its stock price open lower than its set IPO price on its first day of trading.

In other IPOs Thursday, financial services startup went public, opening at $15.70 per share, above its IPO price of $15. While a fintech startup isn鈥檛 as splashy as Peloton, there鈥檚 something to be said about one鈥檚 stock opening higher than its IPO price on its first day.

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