Uber Technologies, Inc. provides ride hailing services. The Company develops application for road transportation, navigation, ride sharing, and payment processing solutions. Uber Technologie serves customers worldwide.
Uber, Lyft drivers on global strike just before Uber's IPO Uber and Lyft drivers around the world are striking on Wednesday to improve wages and working conditions just two days ahead of Uber's monster IPO that could generate $80 million to $90 million. Source: https://www.msn.com/en-us/money/com...lobal-strike-just-before-ubers-ipo/ar-AAB4I3t
Uber raises $8.1 billion in IPO priced near bottom of range Source: https://www.msn.com/en-us/money/com...in-ipo-priced-near-bottom-of-range/ar-AAB945U Uber Technologies Inc. raised $8.1 billion in its initial public offering after pricing shares near the bottom of their marketed range. The ride-hailing company sold 180 million shares for $45 each, according to a statement Thursday. It had marketed them for $44 to $50 apiece. Based on the amount of stock outstanding after the offering, the IPO price gives San Francisco-based Uber a market value of $75.5 billion, just below its last private market value of $76 billion. The fully diluted value, including restricted stock units and other shares, could be about $82 billion.
^^ this honestly can't remember the last time we've had an ipo of this closely watched, that never even made it up to its ipo price on its first day
-8%, not the prettiest IPO, but I actually prefer this to the other tactic of ramping it up and then dumping on the uninformed IPO buyers.
Sellers at the open, Im thinking rule of 3. Give it 3 days for the early sellers to get out and see where this settles. Currently $37 support
Uber workers told to ignore 'pessimistic voices' as shares slide https://www.theguardian.com/technology/2019/may/13/uber-ipo-flops-as-shares-slide-again Aren't the "pessimistic voices" coming from the Uber drivers themselves, who were protesting at the IPO? Bold strategy by the CEO.
Little off topic, but saw a movie on Hulu over the weekend called Driverx (trailer below). Middle aged man lost his record store and can't find a job. Resorts to driving people around in his Prius. Kept me entertained for 90 minutes.
