Another day, another Ring of stock. This time it was an emergency episode, because Ober (finally) became public and many people were looking to a great extent for how they performed on the opening day. Turns out Did not do well.
Kate and Alex had a lot of questions about why? Was the company wrong? Was it simply a macro market? Was it something else altogether? Then there was the fact that it was not a great week for the stock market either Trade relations between the United States and China.
But do not cry over Ober. As Kate Clarke said, the rides company still has $ 8.1 billion to play to make itself more profitable.
We are now watching as Ober sails in public markets.
Kate: Uber was a different story [than Lyft]. I think we expected a really similar pricing plan, but we have seen that Uber sets a price range of $ 44 to $ 50 a share. In the end, it was priced at $ 45 per share just to sink drastically off the bat. They started trading this morning at $ 42 a share and now they are
Kate: Yes. Now they are, what? Floating at about $ 41. So they drop. I think everyone was a bit surprised.
Alex: Yes. So the reason we thought they'd want to raise their range was a bit conservative. The target range of a public offering of $ 44 to $ 50 per share in Uber felt like market volatility. Such as, "We will put it there, we will ask for 3X at the top end, we will raise the range from four or five dollars per share, and we will put it in the direction up, and we get the assessment we want."
Alex: And their price vision is 45 shock.
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