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Four reasons Uber’s IPO stalled on Friday

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chawes
756 Rider Guru
 Posted 3 years, 6 months ago

So the Uber IPO is a huge dud, surprising exactly no one (especially after Lyft's weak performance since it's IPO). They even priced it low in hopes of getting a good pop on day 1... And even that failed.

As buyers and sellers struggled for almost 2 ½ hours to agree on a price so trading could start, a trader on the floor of the New York Stock Exchange said, “That’s what you get when you don’t make a profit. If you don’t make money, people don’t want to buy you,”

Looks like the emperor has no clothes.

Nevertheless this is an interesting read.

https://www.bostonglobe.com/business/2019/05/10/reasons-uber-ipo-stalled-friday/oQPOTMOjnkFipQvOirQXHK/story.html

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