Registered shares Uber Technologies’s performance was disappointing in the first day to destroy it with their decline from the price of the initial public offering for the largest company in the world for passenger services via smartphone apps.
Started the shares trading at $ 42 compared with public offering price of $ 45 dollars. Fell by up to 9 percent to 41.06 USD in early trading before recovering some losses to cover low of 7.6% at 41.57 USD.
Comes the initial public offering of AWeber on the background of an escalation in trade tensions between the United States and China caused damage to financial markets has increased the doubts of investors in their ability to move to profitability soon.
It is the trading floor at the New York Stock Exchange, try house of sushi the Uber CEO soothe investors by reference to the company’s opportunities for growth and plans to expand its activities.
”The reaction (the stock price) is that if we build well, the shareholders will receive a bonus. Surely we don’t measure our success on the day but throughout the years“.
Accompanied by Sarah the team of officials of Uber to the New York Stock Exchange to celebrate the start of the life of the company as listed. There was also the company’s co-founder and former CEO Travis Kalanick, who resigned in 2017 under pressure from investors, on the trading floor.
As a private, collected Uber more than $ 15 million from investors to cover its growth and expand their activities, without little consideration to profitability. Announced Uber for the loss amounted to 3.03 million in 2018 .
As a general will have to be on AWeber to deal with quarterly reports of profits and demands from shareholders to chart a path to profitability.
- This content from Reuters
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