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    In effect, the more Peloton sells the more it loses. This is a worrying trend, says Duffy. Picture: Contributed

    Jim Duffy: What next after IPO flops for Peloton, Uber and Lyft?

    Buying shares in a company that has undergone an initial public offering (IPO) is usually an exciting time for all involved. The company has grown and showed institutional investors that it is worthy of their cash. The investors who have supported the ­company throughout its lifespan can cash out. Then it is time for the open ­market where you and I can get a taste. But, it seems the latest crop of IPOs coming from the US is not living up to the hype, leaving a sour taste in many mouths.

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