Uber is one of only a small handful of U.S.-listed companies valued at $10 billion or more in their IPOs to end their first day in negative territory
Uber Technologies Inc. skidded into the public markets Friday, falling 7.6% below the ride-hailing giant’s already conservative offering price in a bleak debut for the nation’s most valuable startup.
The company’s shares closed their first day of trading at $41.57, a rare initial drop for a high-profile stock. That gives Uber a valuation of roughly $76 billion.
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