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05-10-2019, 04:37 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Green (https://www.autoblog.com/category/green/),Car Buying (https://www.autoblog.com/category/carbuying/)
https://o.aolcdn.com/images/dims3/GLOB/crop/8667x4878+0+0/resize/800x450!/format/jpg/quality/85/https://s.yimg.com/os/creatr-images/2019-05/d50e3900-7339-11e9-b73f-782ef935702e 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.Uber's shares opened at $42 and touched a low of $41.06 in early trading beContinue reading Uber stock drops in rocky debut (https://www.autoblog.com/2019/05/10/uber-stock-drops-in-rocky-debut/)
Uber stock drops in rocky debut (https://www.autoblog.com/2019/05/10/uber-stock-drops-in-rocky-debut/) originally appeared on Autoblog (https://www.autoblog.com) on Fri, 10 May 2019 14:45:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
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https://o.aolcdn.com/images/dims3/GLOB/crop/8667x4878+0+0/resize/800x450!/format/jpg/quality/85/https://s.yimg.com/os/creatr-images/2019-05/d50e3900-7339-11e9-b73f-782ef935702e 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.Uber's shares opened at $42 and touched a low of $41.06 in early trading beContinue reading Uber stock drops in rocky debut (https://www.autoblog.com/2019/05/10/uber-stock-drops-in-rocky-debut/)
Uber stock drops in rocky debut (https://www.autoblog.com/2019/05/10/uber-stock-drops-in-rocky-debut/) originally appeared on Autoblog (https://www.autoblog.com) on Fri, 10 May 2019 14:45:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2019/05/10/uber-stock-drops-in-rocky-debut/) | Email this (https://www.autoblog.com/forward/23724361/) | Comments (https://www.autoblog.com/2019/05/10/uber-stock-drops-in-rocky-debut/#comments)
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