Uber Stock’s Plunge Is Blemish on IPO Market

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Uber shares fall for a second day, placing them 18% below the ride-hailing giant’s IPO price of $45

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.

 

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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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