Watch Uber begin trading for the first time ever. The stock opened at $42 in its market debut, after pricing at $45 a share. $UBER
Uber began trading on the New York Stock Exchange Friday at $42 per share, below its IPO price of $45. The stock was down as much as 8% toward the start of trading.
Uber is now the second ride-hailing company to hit the U.S. public market, following Lyft's debut in March. Both companies have been heavily scrutinized for continuing to post big losses, but many investors are also intrigued by the entrance of the new industry onto the public exchange. As Uber began its first day of trading, Lyft's stock was down as much as 9%.
Like Lyft, Khosrowshahi said 2019 should be the company's peak year for losses. Uber has been comparing itself to Amazon in its pitches to investors, which also infamously was not profitable at its IPO. While some analysts are dubious of the comparison, they also recognize investors' fear of missing out on the next big thing. In his CNBC interview, Khosrowshahi said he stands behind the comparison despite the differences between the two companies at their IPO.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber prices IPO at $45 per share, at low end of rangeUber is preparing for its public debut on the New York Stock Exchange on Friday.
Read more »
Uber prices IPO at $45 per share, toward the low end of rangeUber is preparing for its public debut on the New York Stock Exchange on Friday.
Read more »
Uber Leaning Toward Pricing Shares at $45 Apiece—SourcesThe landmark IPO of ride-hailing firm Uber is expected to price later Thursday as investors weigh a broader stock-market decline and the struggles of rival Lyft’s shares.
Read more »
Uber prices shares at $45 for biggest U.S. IPO since FacebookUber Technologies Inc.’s highly anticipated public offering will raise more than $8 billion, the company disclosed Thursday afternoon, making it the biggest...
Read more »
Uber Wants to Be the Uber of Everything—But Can It Make a Profit?E-bikes over cars. Parking lots replaced by parks. Drone delivery. This is Uber's vision for the future—with the company at the center. Now it just needs to make money.
Read more »
Mark Cuban had the chance to invest in Uber when it was only worth $2 million but blew off Travis Kalanick and said he 'wouldn't touch' the companyNow, Uber has priced its IPO at $45 per share, giving it an initial valuation of $75.5 billion, and is set to have the largest initial public offering of 2019.
Read more »
Stock market falls, set for worst weekly skid of 2019 as higher China tariffs kick inU.S. stocks remain under pressure, with major indexes heading for their worst weekly return this year after the Trump administration raised import duties on...
Read more »
Uber CEO Dara Khosrowshahi on the future of the company before its massive IPOUber CEO Dara Khosrowshahi shared an Uber with CNBC's Andrew Ross Sorkin ahead of the company's IPO on the New York Stock Exchange. Khosrowshahi discussed the company's success, new scooter and bike services, Uber Eats and more.
Read more »
Ride-hailing drivers in New York to strike ahead of Uber IPOUber Technologies Inc's drivers in New York will go on strike next week sho...
Read more »
Uber drivers go on strike in London and New York ahead of IPO, early protests sparseUber drivers in London and New York started a series of multi-city strikes on We...
Read more »