Uber slides 6.7% in its trading debut
Still, the San Francisco-based company's valuation ranks amid the largest US debuts on record, trailing only Alibaba's $169 billion debut in September 2014 and Facebook's $81 billion debut in May 2012, according to a Dealogic analysis.
The lowered pricing came in the face of rival Lyft's stunning decline on the public market since debuting in late March. Lyft sharesearlier this week after its first quarterly report as a public company fell flat with investors. Friday's IPO brought together the cofounders Garrett Camp and Travis Kalanick as well as Ryan Graves, the company's first CEO. Kalnick entered the trading floor with his father, and they were greeted with an"enormous applause," according to New York Times tech reporter
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