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0.00141793690180784 0.000951790145338518 -0.00202410492733068 -0.000354484225451897 -0.0149450549450549 -0.0389932647997163 -0.0189968096419709 -0.054236086494151
Stock impact report

Uber set to debut on NYSE, hopes to avoid Lyft's fate [Reuters]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Reuters
Uber set to debut on NYSE, hopes to avoid Lyft's fate - Reuters 3 Min Read (Reuters) - Ride services giant Uber Technologies Inc is set to make its long-awaited stock market debut on Friday, after its initial public offering was priced at the lower end of its expected range. The IPO was oversubscribed but Uber settled for a lower price of $45 per share, compared with an expected range of $44-$50, to avoid a repeat of rival Lyft Inc’s stock market struggles following a strong debut in March. Lyft’s stock soared in the first few days of trading, but quickly turned around after investors fretted over the lack of a path to profitability for the money-losing company. The stock closed well below its IPO price on Thursday. “Lyft’s IPO led us to be a bit more conservative,” said Dara Khosrowshahi on Friday, in an interview with CNBC, a few hours ahead of Uber’s first trade. Uber, which raised $8.1 billion at a $82.4 billion valuation, is due to begin trading on the New York Stock Exchange und Show less Read more
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