Uber opens at a disappointing $42 per share

At long last, it's lift-off for Uber.


Uber opens at a disappointing $42 per share | Beamstart

At long last, it’s lift-off for Uber. After pricing its initial public offering at $45 per share, at the bottom end of the range it set previously, to raise $8.1 billion, transportation startup began trading today on the New York Stock Exchange, and the shares opened at $42, down from the IPO price.

Ahead of Uber finally making its debut, the company had an indication price that went as low as $42 ahead of live trading. With the overall market in a slump this week over trade woes with China, it’s a challenging time to list, to say the least....

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