Uber Stock’s Plunge Is Blemish on IPO Market



Shares of Uber Technologies Inc. fell sharply on Monday, a further setback for the company's highest profile to come to light in years and threatened to cause a chill for what had been a red OPI market alive.

Uber shares slipped $ 4.47, or 11%, to $ 37.10 on its second day as a public company, placing it 18% below the initial public offering price of $ 45 from the cavalcade giant. That's after Uber's valuation expectations were re-scored in recent weeks and the company valued its IPO conservatively, in his opinion.


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