Uber's Disappointing Debut Unlikely To Dampen IPO Market
Law360 (May 10, 2019, 8:30 PM EDT) -- Uber's weak close Friday following its mammoth $8.1 billion initial public offering is unlikely to chill an otherwise robust IPO market given the ride-hailing giant's distinct circumstances, although it could sober pricing expectations among some companies in the pipeline, experts say.
Uber CEO Dara Khosrowshahi, third from left, attends the opening bell ceremony at the New York Stock Exchange on Friday, the first day of trading for Uber shares. (AP) Uber's tepid entrance into public markets runs counter to the kind of buzz-generating debut sought by companies, especially considering the heavy hype that preceded Uber's bow — the largest IPO since 2014....
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