Published: May 10, 2019
Stock traded at considerably lower than the $100bn hailing app had hoped to achieve
Uber’s hopes of a surge in the price of its shares have fallen flat, as investors gave the taxi-hailing app’s eagerly anticipated stock market float a frosty reception by sending the shares below their launch price.
Uber put a price of $45 on its shares valuing the company at $80bn (£61.4bn), well below than the $100bn it had hoped to achieve, amid jitters among investors at the lacklustre performance of rival Lyft’s shares since its own recent float.
Continue reading...from The Guardian http://bit.ly/2ViAOWl
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