Uber Technologies Inc.’s shares skidded Friday in their first day of trade, after the ride-hailing giant made its public debut. The stock was down 1% in midday trading after opening at $42, representing a disappointing start for the company, which had already priced its initial public offering toward the low end of its expected range of $44 to $50 a share. Uber raised $8.1 billion in its offering at an IPO price of $45 a share. Read More...
Uber stock slides in trading debut after IPO priced near the low end of range
Uber Technologies Inc.’s shares skidded Friday in their first day of trade, after the ride-hailing giant made its public debut. The stock was down 1% in midday trading after opening at $42, representing a disappointing start for the company, which had already priced its initial public offering toward the low end of its expected range of $44 to $50 a share. Uber raised $8.1 billion in its offering at an IPO price of $45 a share.
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