Uber starts trading at $ 42 action, or 6.7% lower than its introductory price



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Traders gather at the post where Uber Technologies Inc. holds its IPO on the New York Stock Exchange (NYSE) floor in New York, USA on May 10, 2019. REUTERS / Brendan McDermid

NEW YORK (Reuters) – Uber Technologies Inc.'s shares opened Friday down 6.7 percent in its first transaction on the New York Stock Exchange, one of the first transactions in the US market since Facebook Inc. there are seven years.

It was a pivotal moment for this company founded about ten years ago, which was born after its founders had trouble finding a cab snowy night and became the largest company in the world. snowmobiles.

Uber shares debuted at $ 42. Thursday's initial public offering was priced at $ 45, at the bottom of its target range of $ 44 to $ 50 per share.

Reportage of Joshua Franklin in New York; Edited by Matthew Lewis and Bill Rigby

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