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Uber goes public amid rocky stock market

Credit: Reuters Studio
Published on May 10, 2019 - Duration: 01:04s

Uber goes public amid rocky stock market

Ride services giant Uber made a splashy stock market debut at the New York Stock Exchange Friday, the biggest U.S. IPO since Facebook went public in 2012.

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Uber goes public amid rocky stock market

ROUGH CUT (NO REPORTER NARRATION) STORY: Uber made its stock market debut on Friday after an initial offering price of $45 per share.

It is the biggest IPO of a U.S. company since Facebook went public on May 18, 2012.

CEO Dara Khosrowshahi marked the event by ringing the NYSE opening bell.

Co-founder and former CEO Travis Kalanick was on hand but did not participate in official events.

He was forced out of thte company in 2017 amid a number of controversies.

The stock is making its debut during a rocky time for the stock market with investors worried about an escalating trade war between the U.S. and China.

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