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Uber shares fell 7.6% on their first day of trading, closing at $41.51, below the listing price of $45, as the highly anticipated IPO failed to excite investors. Although Uber CEO Dara Khosrowshahi rang the opening bell at the New York Stock Exchange to kick off trading, the ride-sharing company, which has lost $9 billion since 2009 and has yet to be profitable, saw its shares drop as low as $41.06 in early trading. Khosrowshahi said the company will focus on building long-term value for shareholders rather

Author

Deepak kumar

Language

EN