Technology | The Guardian

Uber’s IPO flops as shares slide again

May 13, 2019 at 04:34PM

Downward spiral continues in early trading after stock market debut on Friday

Uber shares dropped again after Wall Street opened on Monday as demand for the taxi-hailing app’s stock continued to slump after its stock market debut on Friday.

After setting a target price of $45, Uber’s share price closed at $41.51 on Friday and continued its downward spiral in early trading on Monday, falling 9.5% to $37.68.

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