Uber suffers worst first day trading of any US IPO

WochitNews Published May 13, 2019 0 Plays

Rumble / Trending NewsOn Friday, Uber started trading in an initial public offering that valued the company at $75.5 billion.
By the end of day Friday, the stock was trading down 6.7% off the $45 a share, where the company had priced on Thursday night.
The IPO suffered a cumulative loss of $655 million.
Uber's IPO had the worst first-day dollar loss of a US IPO.
Uber's IPO came during a particularly turbulent week as tensions elevated between the US and China.

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