Uber Technologies Inc.’s stock dropped sharply Monday, marking another setback for the highest-profile company to go public in years and threatening to cast a chill over what had been a red-hot IPO market.
Uber’s stock slid $4.47, or 11%, to $37.10 on its second day as a public company, placing it 18% below the ride-hailing giant’s initial-public-offering price of $45. That is after Uber’s valuation expectations were dialed back in recent weeks and the company priced its IPO conservatively, in its view.
still above what the vcs paid...losing is winning
Atleast the execs got paid 🤔
Didnt Facebook initially plummet as well?
Should have had an IPO a long time ago. Really awful timing.
Uber is a parasite to the city of NY.
It was overpriced anyway, this is the effect. It'll end up falling too.
That's it Uber is history! Going down
Ouch
Good. Buying it all the way down. (With no 6 month holding period LOL)
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Uber stock sinks below IPO price as it hits public marketUber stock hit public markets with a sigh this morning, trading below their initial public offering price. But even at the low end of the price range, Uber’s listing will be the ninth-largest U.S. IPO of all time. It's just an app. Hope all the speculators lose big. Boycott boycott boycott boycott boycott. Make it public my marriage w Leo DiCaprio
Source: latimes - 🏆 11. / 82 Read more »
Uber CEO Dara Khosrowshahi on the future of the company before its massive IPOUber CEO Dara Khosrowshahi shared an Uber with CNBC's Andrew Ross Sorkin ahead of the company's IPO on the New York Stock Exchange. Khosrowshahi discussed the company's success, new scooter and bike services, Uber Eats and more. andrewrsorkin dkhos Ubers new indication of opening price is now $44.50 to $45? trump better tweet something NOW? JMO andrewrsorkin dkhos Boy,CNBC was really cheerleading this DOG that is bleeding money. Wall Street greed is on display and it has backfired spectacularly. Now they're talking Uber Eats will make it profitable...PLEASE .. What a train wreck. andrewrsorkin dkhos No follow up questions to that bullshit about cars going vertical? Wow this was so pathetic even for Uber.
Source: CNBC - 🏆 12. / 72 Read more »