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Friday, May 10, 2019

What's moving markets today: May 10, 2019

Trade could take some attention off of Uber's Wall Street debut, billed as the year's most-hyped IPO.

The company will start trading on the New York Stock Exchange today with the ticker UBER.

The company priced its IPO at $45 a share yesterday. That's at the low end of its original proposed price range of between $44 and $50 a share.

Still, the company will raise $8.1 billion and will rank among the largest US public offerings ever.

Uber has a tough road ahead. It needs to prove that it won't go the same way as competitor Lyft (LYFT), whose shares have plummeted since its own IPO in late March.

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from CNN.com - RSS Channel kalo berita gak lengkap buka link disamping https://cnn.it/2Hc7XPi

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