Uber’s IPO flops as shares slide again
Downward spiral continues in early trading after stock market debut on Friday
Uber shares dropped again after Wall Street opened on Monday as demand for the taxi-hailing app’s stock continued to slump after its stock market debut on Friday.
After setting a target price of $45, Uber’s share price closed at $41.51 on Friday and continued its downward spiral in early trading on Monday, falling 9.5% to $37.68.