Uber's share price fall on the day of IPO; Flipkart gives away $100M worth ESOPs

11th May 2019
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Uber's first day of trading failed to take off as expected, with shares trading down in a surprising turn of events. Shares of the ride-hailing company opened at $42, down 6.7 percent from its already conservative IPO price of $45. At 12:07 pm Eastern time, its shares were trading down 3.9 percent at $42.23.Since its inception, Uber has faced a bumpy ride with lack of visibility on profitability.


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