With a cumulative loss of $655 million, it's the worst first-day dollar loss of any US IPO ever.
That made it the biggest first-day dollar loss of a US IPO, Jay Ritter, a professor at the University of Florida's Warrington College of Business told Business Insider. Ritter's figures accounted for IPOs from 1975 on.
Ritter said on a percentage basis, Uber's first day ranks as the 99th worst open for IPOs raising more than $100 million. It's the combination of the drop and the size of the IPO in the first place that makes it the biggest first-day dollar loss.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO everBerkshire Hathaway Chairman and CEO Warren Buffett explains why he passed on Uber's initial public offering.
Lire la suite »
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO“In 54 years, I don’t think Berkshire has ever bought a new issue,” Warren Buffett said.
Lire la suite »
Uber IPO: 5 things you need to know about the biggest IPO in yearsUber Technologies Inc. moved a step closer to a mammoth initial public offering on Friday.
Lire la suite »
Uber prices shares at $45 for biggest U.S. IPO since FacebookUber Technologies Inc.’s highly anticipated public offering will raise more than $8 billion, the company disclosed Thursday afternoon, making it the biggest...
Lire la suite »
What to watch today: Dow futures turn positive, US imposes tariffs, Uber prices IPO and moreFutures are slightly lower this morning after President Donald Trump made good on his threat to raise tariffs on Chinese goods.
Lire la suite »
Uber drivers go on strike in London and U.S. ahead of IPO, early protests sparseUber drivers in London and major U.S. cities held a series of strikes on Wednesd...
Lire la suite »
Uber drivers eye IPO riches, call for strike in U.S. and UKUber drivers eye IPO riches, call for strike in U.S. and UK by leejane71 alexandriasage ReutersJF
Lire la suite »
Eyeing IPO riches, Uber drivers go on strike in U.K. and U.S.Uber drivers in London and New York started a day of strikes on Wednesday to pro...
Lire la suite »
Uber drivers go on strike in London and New York ahead of IPO, early protests sparseUber drivers in London and New York started a series of multi-city strikes on We...
Lire la suite »
Los Angeles Uber drivers join cities across the U.S. in strike ahead of much-anticipated IPO“Gig workers have no sort of protections that labor rights activists had fought years for . . . And I think it's going to be left up to legislators to step in.” Uber drivers across at least 10 U.S. cities strike days before Uber is slated to go public.
Lire la suite »
As IPO looms, Uber clings to hard-knuckled tactics in pursuit of growthUber co-founder and former CEO Travis Kalanick used to tell investors he liked t...
Lire la suite »