Uber has a rocky stock market launch

Published May 10, 2019 43 Plays $0.02 earned

Rumble / Trending NewsAccording to Reuters, Uber Technologies Inc’s shares fell nearly 9% in their New York Stock Exchange debut on Friday, marking a rocky start for one of the most high-profile U.S. companies to go public since Facebook Inc seven years ago.
The fall in shares undermined Uber’s strategy of pricing its oversubscribed IPO conservatively at $45 per share to avoid a repeat of rival Lyft Inc’s stock market struggles following a strong debut in March.