Some Uber employees probably won't see the pay day they were dreaming about after the company's wildly anticipated IPO today

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Bloomberg's Shira Ovide notes that Uber was valued at around $49 per share in mid-2016. The company priced its IPO shares at $45, and opened at $42.

it announced in a regulatory filing. Ovide points out that an Uber employee who was hired in 2016 and given a compensation package that included the ability to receive equity if she met tenure and performance-based targets may not have seen the value of that potential incentive rise in the past three years.

Of course, it's easier to sell shares in public markets than in private ones, and Ovide notes that Uber employees are not allowed to sell their shares for the company's first six months on the public markets, so Uber's share price could rise by the time they're allowed to sell.

 

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...they can now buy part of the company and be more involved. 🤷‍♂️

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Source: CNBC - 🏆 12. / 72 Read more »