The first trades in the ride-hailing company’s long-awaited initial public offering were at about $42.50, compared with the $45 paid by investors allocated stock in the initial sale.
Uber Technologies’s long-awaited IPO began trading not with a pop, but a whimper. Trading began at about $42.50, compared with the $45 paid by investors allocated stock in the initial sale.
Even the $45 was at the low end of the $44 to $50 range suggested in Uber’s filings with the Securities and Exchange Commission.
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