Companies > Trading

Saudi Arabia's Wealth Fund Is Underwater On Uber's IPO

1 month ago   |   By Fortune

Buy low and sell high, traditional investing wisdom dictates.
So far, that lesson hasn't worked out for one major Uber investor: Saudi Arabia's sovereign wealth fund. That fund, under a new directive to diversify the company's financials outside of oil, bought its shares of the ride-sharing giant when they were priced at $48.77 apiece-above Uber's IPO price of $45, per Securities and Exchange filings.
Ahead of its first day of trading Friday, Uber announced that it had raised about $8.1 billion in an IPO of shares priced at $45, the low end of its $44 to $50 range. That came amid renewed...
Read more ...

 

Uber's IPO Hits a Yellow Light as Stock Price Stays Below Opening

1 month ago   |   By Fortune

Where was the pop?
Investors in Uber-German for over-should be rejoicing on the company's opening day on the NYSE. Instead, the stock opened at the planned $45 and has remained under that price as of midday.
Typically, an IPO is first sold through investment bank underwriters to big institutional investors and to favored individual clients, all of whom paid $45 a share. The expectation is that there will be a bounce when individual investors look to pick up some shares, allowing initial holders to see some profit.
Worries about the Lyft IPO and its quickly descending stock price pushed...
Read more ...

 

A Silicon Valley stock exchange backed by Peter Thiel and Andreessen Horowitz just got SEC approval

A Silicon Valley stock exchange backed by Peter Thiel and Andreessen Horowitz just got SEC approval

1 month ago   |   By Business Insider

A new stock exchange backed by Silicon Valley venture capitalists just gained approval from the Securities and Exchange Commission.
The Long-Term Stock Exchange is a new stock exchange designed to encourage long-term thinking and investors.
It will compete with New York Stock Exchange and Nasdaq to take companies public.
Read more ...

 

Uber's trading debut: who was at the opening bell

Uber's trading debut: who was at the opening bell

1 month ago   |   By Tech Crunch

Uber finally made its debut Friday on the New York Stock Exchange, ending its decade-long journey from startup to publicly traded company.
So far, it's been a ho-hum beginning with shares opening at $42 , down from the IPO price. The share price is hovering just under $44.
Thirteen people, including executives, early employees, drivers and customers, were on the balcony for the historic bell ringing that opened the markets Friday. Noticeable absentees were co-founder Garrett Camp and former CEO and co-founder Travis Kalanick, who was ousted in June 2017 from the company after a string of...
Read more ...

 

Uber's IPO Hits a Yellow Light as Stock Price Stays Below Opening

1 month ago   |   By Fortune

Where was the pop?
Investors in Uber-German for over-should be rejoicing on the company's opening day on the NYSE. Instead, the stock opened at the planned $45 and has remained under that price as of midday.
Typically, an IPO is first sold through investment bank underwriters to big institutional investors and to favored individual clients, all of whom paid $45 a share. The expectation is that there will be a bounce when individual investors look to pick up some shares, allowing initial holders to see some profit.
Worries about the Lyft IPO and its quickly descending stock price pushed...
Read more ...

 

Uber just went public. Here's what 12 of its earliest employees are doing now, from the former intern who's now a powerful exec to the ousted former CEO who's worth $5.4 billion

Uber just went public. Here's what 12 of its earliest employees are doing now, from the former intern who's now a powerful exec to the ousted former CEO who's worth $5.4 billion

1 month ago   |   By Business Insider

10 years after Uber began as a tiny startup called UberCar, it's going public in one of the biggest IPOs ever.
Some of Uber's earliest employees, such as former CEO Travis Kalanick and cofounder Oscar Salazar, are no longer at the company.
Others, such as Rachel Holt and Austin Geidt, have stayed on and steadily moved up in the company.
Here's a look at 12 of Uber's first employees and what they're doing now.
Visit Business Insider's homepage for more stories .
In 2009, a tiny startup called UberCab was founded; today, it's just called Uber, and it's one of Silicon Valley's most successful...
Read more ...

 

49 of the biggest scandals in Uber's history

49 of the biggest scandals in Uber's history

1 month ago   |   By Business Insider

Uber went public on Friday, May 10, in one of the biggest IPOs ever, but news hasn't always been so rosy for the company.
Over the years, Uber has been plagued by a long list of scandals, ranging from reports of sexual harassment to aggressive strategies to take down the competition.
Here's a look back at the biggest scandals that have rocked the company over the last decade.
Read more ...

 

Uber just went public - here's what the app looked like when it first launched in New York City in 2011

Uber just went public - here's what the app looked like when it first launched in New York City in 2011

1 month ago   |   By Business Insider

Uber made its debut on the New York Stock Exchange on Friday in the most-watched tech IPO of 2019.
But back in 2011, when Uber first broke in to New York City, it was still a young startup, and its app was still pretty primitive.
Visit Business Insider's homepage for more stories.
In the 10 years since its official launch as UberCab in 2009, Uber has become a ride-sharing juggernaut.
Uber, which made its debut on the New York Stock Exchange on Friday in the most-watched tech IPO of 2019, now has 91 million users in 700 cities around the world. The company says 14 million Uber trips are...
Read more ...

 

The woman who rang Uber's IPO bell is Austin Geidt, whose life is the stuff of Valley legend

The woman who rang Uber's IPO bell is Austin Geidt, whose life is the stuff of Valley legend

1 month ago   |   By Business Insider

Uber went public today in one of the largest IPOs in history.
Its founder CEO, board member and largest shareholder Travis Kalanick, who was forced out a couple of years ago, was told he couldn't stand on the NYSE opening bell dais, much less ring it. (He was there, on the floor in the crowd with his dad, though, and was greeted with applause when he walked in).
But Uber's current CEO, Dara Khosrowshahi, didn't ring the bell either.
That honor went to Austin Geidt, Uber's earliest employee.
Her career story is the stuff of Silicon Valley legend.
In 2010, she saw some tweets about a startup...
Read more ...

 

The career of Ryan Graves, Uber's first employee and billionaire CEO, was launched by a single tweet

The career of Ryan Graves, Uber's first employee and billionaire CEO, was launched by a single tweet

1 month ago   |   By Business Insider

Ryan Graves' career at Uber began with a tweet.
In January 2010, when Uber was less than a year old, Travis Kalanick, then the CEO, tweeted : "Looking 4 entrepreneurial product mgr/biz-dev killer 4 a location based service.. pre-launch, BIG equity, big peeps involved-ANY TIPS??"
Graves saw Kalanick's tweet and responded : "Here's a tip. email me :)". He included his email address, too.
Graves has since left Uber, but his unconventional job application led him to one of the longest-running tenures at Uber - he even outlasted Kalanick, who resigned as CEO in 2017.
Graves most recently served...
Read more ...

 

Markets Right Now: Stocks on track for worst week of year

1 month ago   |   By Chron

NEW YORK - The latest on developments in financial markets :
11:45 a.m.
Stocks are falling again on Wall Street after the U.S. and China failed to reach a trade deal, triggering a round of higher tariffs on Chinese goods.
The slump Friday extended a losing streak for stocks that has now erased all of April's gains and put the benchmark S&P 500 index on track for its biggest weekly loss of the year.
Technology stocks, which have led the market this year, fell the most. Those companies do a lot of business with China and would suffer greatly in a long trade war.
Chipmakers did especially...
Read more ...

 

How Travis Kalanick, other investors fared in Uber IPO

How Travis Kalanick, other investors fared in Uber IPO

1 month ago   |   By Stl Today

Ousted Uber CEO Travis Kalanick's stake in the ride-hailing giant he co-founded a decade ago, which is going public Friday, is now worth more than $5 billion. The company set its IPO price at $45 a share Thursday, on the...
Read more ...

 

Defiant Uber co-founder Kalanick shows up for stock market premiere

1 month ago   |   By Reuters

Travis Kalanick, the co-founder of Uber Technologies Inc who stepped down as CEO in 2017 amid a string of scandals, showed up for the ride-hailing giant's stock market debut on Friday even though Uber had not invited him to join executives on the balcony of the New York Stock Exchange to ring the opening bell.
Read more ...

 

Travis Kalanick walked in to the New York Stock Exchange for Uber's IPO with his father and the crowd erupted in 'enormous applause'

Travis Kalanick walked in to the New York Stock Exchange for Uber's IPO with his father and the crowd erupted in 'enormous applause'

1 month ago   |   By Business Insider

Former Uber CEO and cofounder Travis Kalanick appeared at the New York Stock Exchange on Friday, May 10 for the ride hailing company's IPO.
Kalanick's arrival was met with "enormous applause," according to the New York Time's Mike Isaac .
Beside Kalanick was his father, Donald Kalanick, who survived a life-threatening boating accident in 2017 that killed his wife Bonnie.
Visit Business Insider's homepage for more stories.
Uber cofounder and former CEO Travis Kalanick was in attendance at the New York Stock Exchange on Friday morning, and he brought his father.
The pair arrived to "enormous...
Read more ...

 


Search by Tags

   Trading      Security      Company      Invest      Companies      China      Exchange      Buy      Investments      Fund      Investment      Finance      Uber IPO      Uber stock price      Market      Banks      Bank      Management      Marketing      Tech      Autonomous Vehicles      IPO      Opening price      Profitability      Uber      New York      Nasdaq      Business      Apps      Automotive      Transportation      Carsharing      Dara Khosrowshahi      Expedia      Garrett Camp      Rachel Holt      Thuan pham      Travis Kalanick      Vmware      Moving      Bloomberg      Paris      World      Jobs      Career      Careers      Economy      Job      Service      Location      Services      Traders      Trader      Index      Dow Jones      Industry      Industries      Right      Rights      Technologies      Technology      BusinessNews  


Meet the bankers involved in AbbVie's $63 billion bid for Botox-maker Allergan

Meet the bankers involved in AbbVie's $63 billion bid for Botox-maker Allergan

AbbVie is buying Botox-maker Allergan in a $63 billion deal, the companies said on Tuesday . The deal would combine AbbVie, which makes the blockbuster drug Humira, with... Read more ...

In his sanctions announcement, Trump accidentally named the wrong Supreme...

In his sanctions announcement, Trump accidentally named the wrong Supreme Leader of Iran, who has been dead since 1989

President Trump in an announcement Monday said the US was imposing sanctions on Iran's Ayatollah Khomeini - who has been dead since 1989. The sanctions in fact apply to Iran's... Read more ...

Wall Street is setting rock-bottom expectations for Trump and Xi's G20...

Wall Street is setting rock-bottom expectations for Trump and Xi's G20 meeting - but the stakes are sky-high

Wall Street strategists and economists have low expectations for President Donald Trump and President Xi Jinping's meeting later this week at the G20 summit in Osaka, Japan. If... Read more ...

FedEx is suing the US government, claiming that complying with Huawei's...

FedEx is suing the US government, claiming that complying with Huawei's blacklisting violates its constitutional rights and traps it 'between a rock and a hard place'

FedEx is suing the Trump administration, saying it's "virtually impossible" to comply with its restrictions on trade with Huawei and other blacklisted companies. As checking... Read more ...

Google Pay has added PayPal integration for online merchants

Google Pay has added PayPal integration for online merchants

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Payments & Commerce subscribers. To receive the full story plus other insights each morning, Read more ...

Park Hotels & Resorts Inc. Announces the Sales of Three Non-Core Assets for...

Park Hotels & Resorts Inc. Announces the Sales of Three Non-Core Assets for $166M

The three hotels, the 507-room Hilton Atlanta Airport in Atlanta, Georgia; the 317-room Hilton New Orleans Airport in New Orleans, Louisiana; and the 274-room Embassy Suites... Read more ...

Marijuana-related arrests cost the US billions of dollars each year, even in...

Marijuana-related arrests cost the US billions of dollars each year, even in states where the drug is legal

Legal marijuana could eventually be a multi-billion dollar industry for the United States. But right now, the drug actually costs Americans an exorbitant amount of... Read more ...

Top Austrian court says Ukrainian oligarch can be sent to US

Top Austrian court says Ukrainian oligarch can be sent to US

VIENNA - Austria's Supreme Court of Justice ruled Tuesday that a Ukrainian oligarch who prosecutors say had business ties to President Donald Trump's ex-campaign manager, Paul... Read more ...

Video shows SpaceX rocket booster narrowly missing its landing platform and...

Video shows SpaceX rocket booster narrowly missing its landing platform and hitting the sea after the 'most difficult launch ever'

YouTube/SpaceX Video shows the moment the central booster of a SpaceX Falcon Heavy rocket crashed into the sea and exploded during a test in Florida Tuesday. Prior to the... Read more ...

Lightyear One debuts as the first long-range solar-powered electric car

Lightyear One debuts as the first long-range solar-powered electric car

Electric cars are better for the environment than fossil fuel-burning vehicles, but they still rely on the grid, which can be variously dirty or clean depending on what sources... Read more ...