_1. Often IPOs have explosive growth. How do analysts adjust for such explosive growth in DCF? What are the problems of such methods?

2. Pelotons IPO is viewed as a very overvalued IPO. Using the quick valuation techniques that we have learned in class argue whether the IPO is overvalued or not, at the moment of IPO. (Hint: Comparable, reverse DCF). Please show your work and assumptions.

3. Despite being argued as a very expensive IPO, Pelotons stock price has been going up (as of 5/11/2020). Is the valuation wrong? Is the market wrong? Discuss about market efficiency and whether there is a disconnect between the valuation and the stock price.