Uber had an abysmal second day of trading

Uber had an abysmal second day of trading

5 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/05/13/uber-stock-day-two/

It’s not looking great for ride-hailing giant Uber (NYSE: UBER). Today, Uber closed its second day of trading down more than 18.8 percent from its IPO price at $37.25 per share with a market cap of $62.2 billion.

Uber, which was previously valued at $72 billion by venture capitalists on the private market, priced its stock at $45 a share for an $82.4 billion valuation last week. On day one, Uber closed at $41.57 a share.

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