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Uber IPO applies the brakes

Uber’s highly anticipated IPO was a write-off, as its shares slid 7.6% on its first day as a publicly listed company. Will the wheels fall off completely or does Uber have 5-star potential? Make your call now.

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Uber IPO: key facts

Uber IPO: key facts

Founded in 2009, the San Francisco-based ridesourcer helped disrupt and create an entire industry. Despite Uber’s huge global reach and diversification into food delivery and bicycle-sharing services, investors were unconvinced with its potential profitability. Ultimately, this saw its market cap collapse from an estimated USD 120 billion to USD 82 billion after listing on 10 May. Uber’s CEO has moved to reassure investors over its falling price, claiming its success should not be measured ‘over a day’ but ‘over the years’.

Company name: Uber Technologies Inc.
Ticker symbol: UBER 
Exchange: New York Stock Exchange
Listing date: 10 May
Price: USD 45
Filing amount: USD 8.1 billion
Shares offered: 180 million
Exp. market cap: 82 billion
Available as: Cash Stock and single stock CFD

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