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Uber Falls 7.6% in Premiere After Opening Below Its IPO Price
lost 7.6% Friday to close its first trading day at $41.57, well below its $45 initial public offering price. The stock stayed in the red from the get-go, making its first trade at $42 a share on its New York Stock Exchange -- some $3 shy of the IPO price that valued the ridesharing group at $82.4 billion. The opening trade of 32 million shares was a disappointment for the bookrunners, who had priced the shares at $45 each last night and watched the market retreat.
https://finance.yahoo.com/m/80c87a3...4a/uber-falls-7.6%-in-premiere.html?.tsrc=rss
lost 7.6% Friday to close its first trading day at $41.57, well below its $45 initial public offering price. The stock stayed in the red from the get-go, making its first trade at $42 a share on its New York Stock Exchange -- some $3 shy of the IPO price that valued the ridesharing group at $82.4 billion. The opening trade of 32 million shares was a disappointment for the bookrunners, who had priced the shares at $45 each last night and watched the market retreat.
https://finance.yahoo.com/m/80c87a3...4a/uber-falls-7.6%-in-premiere.html?.tsrc=rss
