Tag Archive Stock markets

ByCab4Now.com

Floating or falling? Tech companies that made stock market debuts in 2019

Uber

Uber’s shares fell on a humiliating first day of trading in May and have closed above the $45 price of the initial public offering (IPO) on only two days since. The ride-hailing firm reported a $5.2bn loss for the three months to the end of June. Its biggest quarterly loss was weighed down by IPO expenses, but investors worry it might never make money.

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ByCab4Now.com

WeWork files for IPO amid investor skepticism over deep losses

WeWork, a company that has shaken up the sleepy world of office rentals by adding a hipster aesthetic and beer taps to office life, became the latest Silicon Valley “unicorn” to file for an initial public offering (IPO) on Wednesday, revealing huge losses and rapid growth.

The nine-year-old company now runs offices in 111 cities worldwide with 527,000 members paying fees for access to a shared workspace in 29 countries across the world.

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ByCab4Now.com

Will Uber ever make money? Day of reckoning looms for ride-sharing firm

Uber has big plans. The ride-hailing service wants to ferry the world around in self-driving cars and on electric scooters, deliver our takeouts and groceries by drone, and ship freight via robot trucks. But first Uber needs to answer a big question: will it ever make any money?

This week, Wall Street will have the chance to ask that question.

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ByCab4Now.com

Uber workers told to ignore ‘pessimistic voices’ as shares slide

The chief executive of Uber has urged employees to ignore “pessimistic voices” after shares in the company slumped again on their second day of trading since Friday’s disappointing stock market debut.

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ByCab4Now.com

Uber goes into reverse as first day stock price disappoints

Uber’s hopes of a surge in the price of its shares have fallen flat, as investors gave the taxi-hailing app’s eagerly anticipated stock market float a frosty reception by sending the shares below their launch price.

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ByCab4Now.com

Uber valued at $82.4bn as it prices IPO at $45 per share

Uber is seeking a valuation of $82.4bn, less than the $100bn it was hoping for, but still making it one of the largest IPOs of all time, and one of the most hotly anticipated stock market listings in the tech world since Facebook made its Wall Street debut seven years ago.

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