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Peloton falls 8% in trading debut

Digital fitness company Peloton Interactive Inc.'s shares fell more than 8% on Sept. 26 in the company's trading debut on Nasdaq.

The New York-based company on Sept. 25 priced its IPO of 40 million class A common shares at $29 per share, at the high end of the company's projected range of between $26 and $29 per share.

Shares in Peloton were down 8.41% to $26.56 in afternoon trading on Sept. 26. The stock opened at $27.