stock pton: WE, 0.00% the parent of the office-space company WeWork, postponed its IPO and forced its chief executive to step down amid mounting concern about its huge losses and high leverage, according to Market Watch. See also Peloton stock spins in reverse during trading debut The IPO window is closing on growth-at-all-costs, highly valued private companies that are trying to come to market with excessively valued pricing, said Kathleen Smith, principal at Renaissance Capital, a provider of institutional research and IPO exchange-traded funds. The move came as Peloton Interactive Inc.'s stock PTON, -0.55% struggled in its trading debut, and after We Co. Endeavor EDR, 0.00% an entertainment powerhouse that owns sports and modeling agency IMG and mixed-martial-arts organization UFC, among other properties, said earlier Thursday that it would trim its offering to 15 million shares priced at 26 to 27 each, down from 19.4 million shares priced at 30 to 32 each that it targeted in a filing on Sept. 16. Don't miss Entertainment giant Endeavor is going public 5 things to know ahead of its IPO Smith said after the offering was reduced that she expected the company to complete the deal, given that it is profitable and has a record of putting together media properties and talent, but conceded investors are sensitive about overpaying in the current market. After markets closed, the company announced that it would delay the IPO and continue to evaluate the timing for the proposed offering as market conditions develop.
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