Uber stock drops in rocky debut
Filed under: Earnings/Financials,Green,Car Buying
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
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