Uber To Start Trading Today, Flop or Not?

Uber's IPO is set to start trading today at $45.00, with a valuation of $82.4 billion. These numbers are way down from the recent estimates. Consensus seems that they are underpricing it to avoid the same flop that Lyft's IPO ended up being. Others believe it is still overpriced because they are yet to turn a profit. Thoughts?

 

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