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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