, but won't be the one ringing the bell. It isn't clear if he's actually attending — and if he does, it'll be worth watching his facial expression.took a fairly technical lookAccording to the report, famed investor George Soros bought a 2.7% stake in Lyft from Carl Icahn, but hedged the stock before buying the shares. According to the Journal, that created a supply of shares which pressured the stock. There may have been similar trades.
Uber will be looking to avoid these kinds of loopholes and ensuring its early investors keep to a lockup period, preventing them from suddenly dumping their stake.A stock"pop" is when a company's stock begins trading higher than the IPO price. So a 15% pop on Uber's stock would mean the stock quickly begins trading on day one at $51.75.
A pop is often taken a sign of demand and confidence in the company and can be indicative of long-term performance. Lyft's share price is down almost a third since its trading debut in March. That signals wider investor worries about the ride-hailing industry, and has cast a shadow over Uber's IPO. If Lyft is continuing its downward trend during Uber's debut, it's probably a good indicator of where Uber's stock will end up.
Most of the individuals will be paper billionaires, given Uber's biggest shareholders have agreed to a six-month lockup period. Should Uber's stock price trend down, their stakes will be worth less.