WALL STREET,New York — Uber is officially a public company!
As of friday morning, the company started publicly trading on the New York Stock Exchange.
Uber shares opened Friday at $42. The stock closed below $42 per share with a market cap of $69.7 billion — raising over $8b on the New York Stock Exchange
That gave Uber a valuation of $75.46 billion at its IPO.
There’s Travis + his father arriving at NYSE for Uber IPO pic.twitter.com/6QTOAyDm5i
— Polina Marinova (@polina_marinova) 10 maj 2019
Travis Kalanick owns 117 million shares of Uber stock, while Khosrowshahi holds just under 200,000.
Uber is now the second ride-hailing company to hit the U.S. public market, following Lyft’s debut in March.
