[ad_1]
Uber built a historic facade factory on the first day of trading. Now, the stable of unicorns, such as Slack, hoping to be floated this year, will have to see how much it has spillover effects.
At the end of trading, Uber (NYSE: UBER) shares closed at $ 41.35, down $ 3.45 or 7.67% from the original price of $ 45 per share. This is one of the biggest unicorns to have completed its first day of trading.
This is not easy to do even in a week when markets are subject to external factors. Looking back on Facebook's IPO in 2012:
The IPO (Nasdaq: FB) was $ 38 per share. But throughout the first day of trading, the price seemed to risk falling below the price of the IPO. Facebook's bankers intervened and bought back shares at the end of the day to raise prices. In the coming weeks, it dropped again as Facebook worried about moving to mobile computing.
Of course, this seems to be a million years old. And maybe that can bring some comfort to Uber and his investors.
But in the meantime, the once-promising year that has seen all the Lyft, Tradeweb, Zoom and Pinterest IPOs seems to be seriously defeated. And even though Slack's timing seemed sublime, he could now face severe headwinds. We will see in the coming weeks if his advisors are confident enough to let him go.
Uber has raised more than $ 8 billion. It's a great sum. And in the short term, it will be fine, even if it continues to lose money. His business model is essentially to offer undersized travel using the various funds he has collected over the years.
If the stock continues to fall or struggle, Uber may be struggling to get more, whether through secondary offerings or debts. After 10 years, it may be finally time to prove that his professional carrier business can be truly sustainable.
[ad_2]
Source link