Uber now officially a public company after high-profile IPO

Screens display the Uber Technologies logo at the New York Stock Exchange during the company’s IPO in New York May 10 2019. Picture: REUTERS/ANDREW KELLY

The IPO was over-subscribed, but Uber settled for a lower price to avoid a repeat of Lyft’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 US and China, which renewed fears of a global economic slowdown and hampered global markets.

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Uber valued at $82bn in IPO as market jitters and Lyft woes take a tollThe ride-hailing company's valuation is almost a third less than the $120bn its investment bankers predicted in 2018
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »

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