Uber shares plunge after stock market debut
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Uber’s shares fell more than 17% below their initial public offering (IPO) price of $45 on Monday, closing on Wall Street at $37.10
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UBER TECHNOLOGIES, INC. – NEW YORK STOCK EXCHANGE SHARE PRICE

$45   IPO price
 44
 43
 42                                                  Down 17.6% from IPO price
 41   Opens: $42.60 Fails to meet IPO price of $45   Closes: $41.57
 40
 39
 38                                     Closes: $37.10
 37
 36                Opens: $38.01
 35                Uber CEO Dara Khosrowshahi
   1pm 2pm 3pm     11am Noon 1pm 2pm 3pm

  11:50am      3:55pm 9:30am    3:55pm
Fri, May 10     Mon, May 13
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Uber’s stock market value has fallen below $63bn, half of $120bn that its investment bankers said it could be worth last year
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Slump comes on top of escalating trade tensions between U.S. and China, which is making Wall Street look fragile, and general market scepticism towards ride-hailing and ride-sharing economy
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Sources: Bloomberg, The Guardian, Yahoo! Finance Picture: Associated Press © GRAPHIC NEWS