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The most anticipated and most important IPO of the year failed on Friday, putting a damper on analysts trying to add a "U" to FAANG.
Uber CEO (NYSE: UBER), Dara Khosrowshahi, was provocative and said the long-term investors will not regret it because the shares closed on their first day down 7.6%.
There does not seem to be any love today with the stock excluding 2.6% before the sale – at $ 40.51 / share – with traders noting that Uber has lost more money than any other company to become public.
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