initial public offerings (IPOs) trading on American exchanges

Friday, May 10, 2019

Uber Technologies Inc. (UBER) began trading on the NYSE on 10 May 2019

Uber (UBER 41.57, -3.43, -7.6%) made its public debut on Friday, although the price action was much more subdued than past IPOs this year.

  • The ride-hailing giant priced shares in the IPO Thursday at $45 each, raising $8.1 billion and giving the company a valuation of $82 billion.
  • Trading began at about $42.50, compared with the $45 paid by investors allocated stock in the initial sale, which was already at the lower end of the $44-$50 range.
  • Uber closed the day at $41.57, down 7.6% from last night’s IPO price.

Uber Technologies Inc. CEO Dara Khosrowshah (C) and early employee Austin Geidt (in red) ring the opening bell of the trading session on the New York Stock Exchange

Khosrowshahi and Uber co-founder Garrett Camp take a selfie photograph on the trading floor of the New York Stock Exchange on Friday

Kalanick (left) stands with his father Donald in the members gallery above the floor of the NYSE

Uber Technologies Inc. CEO Dara Khosrowshahi stands outside the New York Stock Exchange ahead of the company's IPO in New York on Friday

Protestors march through the financial district, demanding fair wages and more transparency during a strike against Uber in San Francisco on Wednesday

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