- Ride services giant Uber Technologies Inc will begin life as a public company on Friday, under pressure to start trading strongly after conservatively pricing its initial public offering.
The IPO was oversubscribed, but Uber settled for a lower price to avoid a repeat of Lyft Inc’s IPO in late March, which priced strongly, began trading up, then plunged. The IPO was also set against a backdrop of a spike in tensions between the United States and China, which renewed fears of a global economic slowdown and hampered global markets.
i hope they go bankrupt
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