Over the past decade, Uber revolutionized transportation.
And yesterday its stock started trading.
Interesting stat: Uber is the largest IPO since Alibaba in 2014. Of U.S.-based companies, it’s the largest since Facebook in 2012.
The opening price was $42.
And then the stock tumbled… which was quite unusual.
These are generally carefully calibrated offerings…
And when they don’t perform, it raises questions about investor appetite for
money-losing tech start-ups.
By the end of the day, Uber’s market capitalization stood at $76.5 billion.
Let’s see if Uber is built to last…
Hit this link now to read more