"Uber's Day 1 was Unusual"
In appearing this morning on CNBC's Squawk Box, Triton's Rett Wallace spoke with Andrew Ross Sorkin and Dan Primack about Uber's poor initial trading. "We went back and looked at recent tech IPOs by Triton Score quintile. The top scoring companies like Zoom tend to perform really well and then do a little better thereafter," said Wallace. "Second quintile companies also do pretty well. Lyft was in the bottom quintile, and is underperforming even those bottom-quintile peers. Uber, in the third quintile, really underperformed." Excerpt from CNBC's Squawk Box - HERE