Tag: uber IPO

In 2019, several high-profile tech IPOs made their debut in public markets. Let's look at what’s in store for them as we head towards 2020.

Peloton stock, which lost 8.9% on September 26 on its public debut, was trading 4% lower on September 27 at $24.73 as of 10:36 AM ET.

Uber and Lyft have been going through a rough patch lately. Uber debuted through an IPO in March at $45, while Lyft had its IPO in May at a price of $72.

In a very brief statement on September 19, Airbnb announced its intention to go public in 2020. The timing of the statement is interesting.

WeWork, which was expected to go public this month, has suspended its IPO at least until next month after a lackluster response from potential investors.

Reports indicate that WeWork is looking to cut its valuation by over 50% to ease its upcoming IPO. WeWork was privately valued at $47 billion in January.

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

Uber stock hit a new all-time low yesterday. It slid another 6.8% to close at $33.96, indicating a decline of 24% for the stock since its IPO.

During the first six months of 2019, WeWork’s revenues and losses from operations almost doubled compared to the same period in 2018.

Uber (UBER) stock closed at a record low yesterday, falling 7.6%. This decline continued UBER's down days, driven by its disappointing Q2 results.