In May 2019 the ride hailing company Uber Technologies went public on the New York Stock Exchange in one of the largest technology initial public offerings to that point, though its shares fell below the offering price on the first day of trading. The offering followed years of rapid global expansion and heavy losses as Uber built out ride hailing and delivery businesses in cities around the world.
Facts
Event TypeInitial public offering 1 Connections
Associated With
The Uber May 2019 initial public offering, one of the largest technology IPOs in history despite trading below its offer price on debut, is a finance-practice case study in pre-IPO private valuation against public market pricing.
Source Wikipedia, Uber
Companies Involved
Sources
1. Wikipedia, Uber
WikipediaHistory section
In May 2019, Uber became a public company via an initial public offering.
- Associated With: Finance
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