Tuesday, May 14, 2019

Uber May Be The Biggest IPO Bust Ever

On Friday, the ride-hailing company closed its first day of trading below its I.P.O. price, representing billions of dollars in lost value. Uber continued to slide Monday, with shares sinking close to eight percent in the morning, or 15 percent below the stock’s initial price. It just might be the biggest I.P.O. bust in history.