Uber makes its NYSE debut

Equities 1 minute to read

Michael McKenna

Head of Editorial Content, Saxo Bank

Summary: Uber is set to go public in a deal that could see the ride-hailing giant valued at $84 billion. After its IPO, you can invest in the company directly or trade it as a CFD with Saxo.

Shares of ridesharing giant Uber are set to go live today* on the New York Stock Exchange with its initial public offering prices at the lower end of the forecasted range at $45/share.

Saxo Head of Equity Strategy Peter Garnry published an in-depth analysis of Uber's prospects on April 29, stating that "buying shares in Uber comes with an unattractive risk-reward ratio and the valuation is essentially driven by whether one believes in the company's long-term network effects."

Click here for Peter Garnry's take on the Uber IPO.

* Saxo will offer trading on the secondary market from Uber’s first day as a listed company. Its shares will be available for online order entry after the markets close on the day before the listing date.

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