After reading the text.Can you identify additional economic and market factors that may have influenced the results of the IPO?

Peloton is a fitness company whose IPO opened September 26, 2019. The company was founded in 2012 and mostly sells its stationary bikes and a subscription service. When the company opened there was a lot of criticism on their stock being highly overpriced. At opening, it was $26-$29 a share and had almost no realistic path to be profitable in the future (Trainer, 2019). I also believe they opened too high, but that did not stop them from having a great first year. The market value for the company went from $8 billion at opening to $49 billion in January of 2021 (Forman, 2021). There are several conditions that are making investors remain skeptical including the past results of fitness fad companies and the reopening of the country. COVlD-19 helped Peloton in their first year. With many gyms closed during Peloton's first year, more people were buying at-home fitness machines, and Peloton had excellent marketing that influenced buyers. Since people are returning to their pre-pandemic lives, many investors predict the company will decline. Their annual reports show that the company is still operating at a net loss, and while the amount they lose has decreased this last year, the end of the pandemic makes a shaky future (Peloton Interactive, Inc, 2020). Overall, I think their IPO was successful. So far, they have increased the market value of the company and have increased the stock prices. However, I am uncertain of the future of the company, and I would likely not start investing until they prove they can be successful outside of the pandemic