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Uber IPO Won't be The Pay Day Some Employees Are Hoping For

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Uber employees are hoping the IPO will bring them a windfall. However, Business Insider reports Uber shares may not higher than they were when they were valued three years ago. Citing data from EquityZen, Ovide notes that Uber was valued at around $49 per share in mid-2016. The company priced its IPO shares at $45, which falls at the low end of the $44-$50 range it announced in a regulatory filing. Shares of Uber were indicated to open at $42 to $43 ahead of the stock listing late Friday morning, below its $45 IPO price. Uber opened at $42.

Added on the 10/05/2019 11:22:43 - Copyright : Wochit

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