Uber’s spluttering IPO: where might the blame lie?
"Uber has grown to dominate the ride-hailing business by offering steep discounts. On Friday, Wall Street returned the favour." In their article for the Financial Times, Shannon Bond and Nicole Bullock discussed the poor opening-day trading of Uber during its IPO. In the article, they quote Triton's Rett Wallace, who raised questions about the prices being set by the underwriters of the Uber, and recently Lyft, deals. “Discovering the correct price and floating the shares without tumult has now defied two
syndicates of highly competent Wall Street underwriters,” said Wallace. Full article in the Financial Times - HERE