Home > Uber Fizzles In Wall Street Debut, Opens Below $45 IPO Price

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Uber Fizzles In Wall Street Debut, Opens Below $45 IPO Price

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According to Reuters, Uber's shares made a disappointing market debut on Friday, marking a rocky start for the most anticipated initial public offering of the year. The fall in shares undermined Uber’s strategy of pricing its oversubscribed IPO conservatively at $45 per share. Uber’s IPO comes against the backdrop of a spike in trade tensions between the United States and China that has weighed on financial markets and increased investor skepticism about its ability to turn profitable soon enough.

Added on the 10/05/2019 15:57:22 - Copyright : Wochit

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