Uber shares fall over 6% at market debut

Uber's initial public offering (IPO) was the most anticipated market debut since Facebook, however, it did not save the company's shares from falling on the first day of trading on Friday. Uber's IPO was priced at $45 per share, at a lower end of the $44-50 target range. On Friday evening the shares were trading at $42.5 per share, which is about 6 percent lower compared to the IPO price.

Uber raised $8.1 billion in IPO. This is the ninth largest offer in the history of Wall Street - Bloomberg calculated. The record one is Alibaba, which in 2014 sold shares for $25 billion. General Motors and Facebook are on the second and third places respectively. 

(money.pl)