Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Uber shares fall over 7% on first day of public trading
short by Kanishka Pandey / on Saturday, 11 May, 2019
Ride-hailing giant Uber's shares fell on the first day of its Wall Street debut to close at about $41.57 apiece, an over 7.6% fall from its IPO price. Uber had priced its IPO at $45 per share, raising $8.1 billion at a valuation of over $82 billion. Shares were priced close to the bottom of its targeted $44-50 range.
read more at TechCrunch