πŸ‡ΊπŸ‡Έ

Uber goes public amid rocky stock market

Credit: Reuters Studio
Published on May 10, 2019 - Duration: 01:04s

Uber goes public amid rocky stock market

Ride services giant Uber made a splashy stock market debut at the New York Stock Exchange Friday, the biggest U.S. IPO since Facebook went public in 2012.

Rough cut.

No reporter narration.

Advertisement

Uber goes public amid rocky stock market

ROUGH CUT (NO REPORTER NARRATION) STORY: Uber made its stock market debut on Friday after an initial offering price of $45 per share.

It is the biggest IPO of a U.S. company since Facebook went public on May 18, 2012.

CEO Dara Khosrowshahi marked the event by ringing the NYSE opening bell.

Co-founder and former CEO Travis Kalanick was on hand but did not participate in official events.

He was forced out of thte company in 2017 amid a number of controversies.

The stock is making its debut during a rocky time for the stock market with investors worried about an escalating trade war between the U.S. and China.

You are here

Recent related videos from verified sources

Forgot About Slack's Direct Listing Already? 02:16
Credit: The Street - Published 3 weeks ago 

Uber Chief Executive Laments U.S. Trade Policy For Lackluster IPO 00:41
Credit: Wochit - Published on June 12, 2019 

Two Top Execs For Uber Are Leaving The Company 00:35
Credit: Wochit Business - Published on June 7, 2019 

Goldman Sachs Says Uber's Business Model Is Still Risky 00:32
Credit: Wochit Business - Published on June 5, 2019 

You might like