Uber starts trading at $42 a share, 6.7% below IPO price [www.reuters.com]
Uber starts trading at $42, down 6.7% from IPO price [venturebeat.com]
Crowed cheers for Travis Kalanick and his father at Uber IPO [www.businessinsider.com]
Uber shares start trading at $42/share, below ride-hailing giant’s IPO price [www.geekwire.com]
Uber shares begin trading below IPO price [www.axios.com]
Uber's market debut sours most anticipated IPO since Facebook [www.reuters.com]
Uber's May 10 IPO will make these investors rich [qz.com]
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Old enough to remember when everyone thought Uber would be worth $100 billion today.— Steve Kovach (@stevekovach) May 10, 2019
What investors first paid for @Uber (IPO at $45, opened at $42)— Rolfe Winkler (@RolfeWinkler) May 10, 2019
$0.009, @firstround/@robhayes, @lowercase/@sacca
$0.35, @menloventures/@shervin, @GoldmanSachs/Gary Cohn
Uber prices long-awaited IPO at $45 per share, valuing world's largest ride-hailing company at $82 billion.— Seth Kaplan (@Seth_Kaplan) May 9, 2019
Lyft IPO'd at $72 and is now sitting at $55.
Me thinks $45 is the right call.
P.S. Uber lost $865 million in 2018 Q4.
Happy Uber 1st day trading.— Shira Ovide (@ShiraOvide) May 10, 2019
Every new stockholder (except SoftBank) who bought Uber shares since Dec. 2015 is now under water, including IPO buyers.
Several years ago I told Travis Kalanick, during a brief phone interview, that his idea was utterly mental. People, especially Londoners, would reject the concept of getting into the cars of internet strangers. I didn't even bother to file a piece. Enjoy the $5.3bn, Travis.— Dave Lee (@DaveLeeBBC) May 10, 2019
“A man is rich in proportion to the number of things he can afford to let alone.” — Henry David Thoreau— Tim Ferriss (@tferriss) May 10, 2019
This Uber opening reminds me of that dark day during the Facebook IPO when I put in an oversized bid for Facebook IPO stock, and got hit with it all. While worked out, one thing you generaly never want on Wall Street is anything that Wall Street wants to give you.— Paul Kedrosky (@pkedrosky) May 10, 2019
Great profile of Uber's less known co-founder Garrett Camp, who came up with idea, and how he compares with Travis Kalanick --> "Some of his former colleagues at Uber say his most severe lapse was allowing Kalanick’s power to go unchecked." https://t.co/QC8oWZ0Fnu— Madhav Chanchani (@madhavchanchani) May 10, 2019
well, it's good for Uber and Lyft that they raised >$10 B from IPO investors at prices above what the market now values them— Eliot Brown (@eliotwb) May 10, 2019
twitter is basically like an awful uber pool that never actually gets to its destination so you deserve my bad IPO puns— Tony Romm (@TonyRomm) May 10, 2019
more like initial pun offering lol
Horrible timing for the Uber IPO both in terms of the big picture & actual day. Uber was a few years too late so the story was questioned to a degree that it wouldn’t have been in 2015 / 2016. On top of that you have one of the more volatile weeks for stocks in 2019.— Neil Cybart (@neilcybart) May 10, 2019
Uber was viewed as a definite $100B IPO a few years ago. Heck, the company thought it was a $120B IPO a few months ago. IPO ended up being around $80B. That’s what you call limping / crawling over the “finish” line.— Neil Cybart (@neilcybart) May 10, 2019
It feels like graduation day. Except the person who is graduating is someone I have been stalking for a few years...— Amir Efrati (@amir) May 10, 2019
We're now at the part of the Uber-broke-price-before-IPO-actually-traded where all the wise guys finsplain how it's all Morgan Stanley's fault. Uh-huh.— Paul Kedrosky (@pkedrosky) May 10, 2019
And this is why "IPO is oversubscribed" is a meaningless news story.— Dan Primack (@danprimack) May 10, 2019
Travis Kalanick arrived around 830, with his father, walked NYSE floor together.— rat king (@MikeIsaac) May 10, 2019
There was a moment when Garrett camp, Ryan Graves and TK all met. Travis’ entrance was met with enormous applause.
whole event is crowded but also fairly muted thus far. (much desired from execs)
Uber inching back up, nearing $45, in tandem with Dow recovering from deep plunge earlier today.— Alexei Oreskovic (@lexnfx) May 10, 2019
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"Uber has sold $17 billion in stock since December 2015, according to its IPO documents, including the shares sold in Thursday’s offering. Each new stock buyer in that time – apart from SoftBank Group Corp. – is now staring at a loss on their investment" https://t.co/flrB1Jb8Xp pic.twitter.com/sERjSoF0Rs— Trevor Noren (@trevornoren) May 10, 2019
The biggest winners—and losers—— Spiros Margaris (@SpirosMargaris) May 11, 2019
from #Uber’s lackluster #IPO https://t.co/lkfSt9TGI0 #fintech #VC @alisongriswold @qz @BarkowConsult @TheRudinGroup @Xbond49 @ttavlas @UrsBolt @helene_wpli @Visible_Banking @jaypalter @KMcDSAP @leimer @RAlexJimenez @UrsBolt @oxana_zeitler pic.twitter.com/qnT7ioXCPX
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