Filed under: Earnings/Financials,Green,Car Buying Uber Technologies Inc's shares fell nearly 9% in their novel York Stock Exchange debut on Friday, and marking a rocky start for one of the most tall-profile U.
S. companies to disappear 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.
Uber's shares opened at $42 and touched a low of $41.06 in early trading beContinue reading Uber stock drops in rocky debutUber stock drops in rocky debut originally appeared on Autoblog on Fri,10 May 2019 14:45:00 EDT. Please see our terms for use of feeds.
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Source: autoblog.com