Ride-sharing IPOs Come Up Lame
It's hardly an understatement to claim that the Uber Technologies Inc (NYSE:UBER) initial public offering (IPO) was one of the most hotly anticipated of all time. The company was floating around valuations as high as $120.0 billion-an unbelievable number, made all the more incredulous by the fact that Uber has yet to make a single dollar. But after coming out of the gate in a very weakened state, can Uber stock-and Lyft Inc (NASDAQ:LYFT) stock-recover?
First, before we get into the future of the ride-sharing stocks, let's go over the recent past, namely the Lyft IPO and Uber IPO..
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It's hardly an understatement to claim that the Uber Technologies Inc (NYSE:UBER) initial public offering (IPO) was one of the most hotly anticipated of all time. The company was floating around valuations as high as $120.0 billion-an unbelievable number, made all the more incredulous by the fact that Uber has yet to make a single dollar. But after coming out of the gate in a very weakened state, can Uber stock-and Lyft Inc (NASDAQ:LYFT) stock-recover?
First, before we get into the future of the ride-sharing stocks, let's go over the recent past, namely the Lyft IPO and Uber IPO..
Den vollständigen Artikel lesen ...