Uber's highly anticipated initial public offering is bringing criticism and calls for caution from market experts.
div > div.group > p:first-child"> The ride-hailing company's highly anticipated initial public offering failed to impress investors on Friday, with the stock pricing at the low end of its previously stated range and shedding more than 7% near the end of the session.
Tusk Ventures CEO Bradley Tusk, however, wondered if these issues would really resonate with retail investors: "You've got a situation where [the CEO] said it was a mature company. Dara [Khosrowshahi] said it was a mature company. … They have competition and they're not doing that well versus how they were doing, and they've got an Uber Eats that's up against a GrubHub, whose stock has been terrible, and they have Uber Freight, which they're not talking about enough because I think it's very exciting.
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.
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO“In 54 years, I don’t think Berkshire has ever bought a new issue,” Warren Buffett said.
Read more »
Uber IPO: 5 things you need to know about the biggest IPO in yearsUber Technologies Inc. moved a step closer to a mammoth initial public offering on Friday.
Read more »
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO everBerkshire Hathaway Chairman and CEO Warren Buffett explains why he passed on Uber's initial public offering.
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 »
Cramer: Uber's IPO and tariffs could be the 'one-two punch' that tanks the markets Friday — trim your positions ahead of time'Even after today's huge losses, I am still concerned about what could happen on Friday,' Jim Cramer says.
Read more »
Cramer: Markets could roar after we get past Friday's Uber, tariff gauntletEven if the Uber IPO gets botched and the world's largest economies do not come to a trade truce on Friday, the market will remain in decent shape at the end of the week, Cramer said.
Read more »
What to watch today: Dow futures turn positive, US imposes tariffs, Uber prices IPO and moreFutures are slightly lower this morning after President Donald Trump made good on his threat to raise tariffs on Chinese goods.
Read more »
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 to price IPO at midpoint of target range or below: SourceUber will price its IPO at the midpoint of its target range or below a source told CNBC.
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 IPO: Inside The 2008 Pitch That Birthed An $80 Billion Startup \nIts best-case scenario was $1 billion in revenue and next steps were to raise a few million. Uber's 2008 pitch deck shows just how much Uber has grown since its initial vision as a competitor to taxis.
Read more »