Bloomberg Businessweek

About That IPO

Maybe Uber Technologies waited a little too long to go public

Uber Technologies Inc.’s stock market debut on May 10 was the biggest, most eagerly anticipated U.S. initial public offering in years. The ride-hailing company raised $8.1 billion through the share sale and at the moment of going public was valued at more than $75 billion. After years of watching from the sidelines as Uber grew, ordinary investors finally had a chance to buy in.

Just not at the price Uber and its bankers thought

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