alibaba Alibaba Eyes $20 Billion Second Listing in Hong Kong Alibaba reportedly plans to raise $20 billion through a secondary listing in Hong Kong as early as the second half of 2019. The move comes as Chinese tech firms face increasing tensions in the United States.
uber Uber's First Employee Ryan Graves Steps Down From Board of Directors Ryan Graves, Uber's very first hire and a former CEO, officially resigns from the ride-hailing company's board of directors. His departure comes just weeks after Uber completes its rocky initial public offering.
softbank SoftBank Shares Plunge 14% Amid Uber's Disappointing Market Debut SoftBank Group experiences a significant drop in its own stock value after Uber prices its initial public offering at the low end of its expected range. The Japanese conglomerate loses out on a planned $3 billion paper profit as its massive stake in the ridesharing giant falters.
uber Uber Stock Plunges 18.8% Below IPO Price in Rough Second Trading Day Uber closes its second day of public trading at $37.25, a significant drop from its $45 IPO price. CEO Dara Khosrowshahi urges employees to focus on the long-term despite the ongoing market struggles.
uber Uber Stock Stumbles Below IPO Price in Disappointing Wall Street Debut Uber makes its highly anticipated public trading debut on the New York Stock Exchange but immediately falls below its initial public offering price.
uber Uber Stock Drops Below IPO Price Amid Ongoing Market Volatility Uber shares fall more than 10 percent on their second trading day, dropping below the initial public offering price. Despite the disappointing debut, some analysts maintain an optimistic outlook on the company's path to profitability.
uber Uber Stock Drops Below IPO Price on Wall Street Debut Uber makes its highly anticipated public trading debut on the New York Stock Exchange but immediately falls below its initial offering price.
uber Uber Debuts on NYSE With Disappointing Opening Below IPO Price Uber begins public trading on the New York Stock Exchange at $42 per share, which falls below its $45 IPO price. Despite a lower-than-expected valuation, the ride-hailing giant still ranks among the most valuable tech listings in history.
uber Uber's Stock Market Debut Falls Short of Lofty Expectations Uber opens below its IPO price and closes down 7.6 percent on its first day of public trading. Despite the disappointing debut, the ride-hailing giant secures billions in new capital.
uber Uber IPO Records Worst Dollar Loss for U.S. Debut Since 1975 Uber makes unfavorable history as its first day of public trading sees a 7.6% drop, resulting in over $600 million in paper losses for IPO investors.
uber Uber Drivers Protest Low Pay Ahead of Highly Anticipated IPO Ride-hailing drivers in multiple major cities go on strike just before Uber makes its stock market debut, demanding better wages and working conditions. The protests highlight the ongoing debate over gig economy labor practices.
uber Uber Drivers Strike Worldwide Over Low Pay Ahead of Massive IPO Ride-hailing drivers across the globe log off their apps to protest unfair wages and working conditions just days before Uber's highly anticipated public offering.
lyft Lyft Posts Massive $1.14 Billion Loss in First Public Earnings Report Ride-hailing giant Lyft reveals a $1.14 billion first-quarter loss driven largely by IPO-related stock compensation, despite beating revenue expectations. The company projects continued heavy losses as it prioritizes long-term growth over near-term profitability.
uber Ride-Hailing Drivers Strike Against Uber and Lyft Ahead of Major IPO Uber and Lyft drivers across the U.S. and London log off their apps to protest low wages and poor working conditions just days before Uber's public debut. The strikers demand job security, transparent pay, and an end to gig economy exploitation.
uber Uber Targets $84 Billion Valuation in Landmark IPO as PayPal Invests $500 Million Uber sets its IPO price between $44 and $50 per share to raise up to $9 billion, while revealing a surprise $500 million private investment from PayPal. The ride-hailing giant also warns investors of a projected $1 billion first-quarter loss.