Uber’s stock price dips as it begins trading. It is the year's most hotly anticipated tech IPO.
By Faiz Siddiqui Faiz Siddiqui San Francisco-based tech reporter covering automation and the future of transportation, including Tesla, Uber and Lyft Email Bio Follow May 10 at 11:51 AM Uber’s stock started trading Friday in the year’s most hotly anticipated tech IPO, a key test of investor faith in the stability of Silicon Valley as a string of money-losing companies ready themselves to enter the market.
Any signs of trouble in trading on the New York Stock Exchange Friday could become a cautionary tale for a string of IPOs to follow, including Slack and Airbnb. Already, rival Lyft has seen stock prices tumble nearly 30 percent since its stock market listing less than two months ago.
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