World Print edition: 2019-11-07

Uber shares fall to record low

Published November 7, 2019 Updated November 7, 2019 08:25am

1 min

By BR Web Desk Recorder Report

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Uber made its market debut at $45 per share in May, but has since lost more than 40% in value as the loss-making company struggled to retain investor confidence.

Much of Uber's nearly 1.68 billion outstanding shares were under lock-up. In the IPO filing, Uber had said about 76% of its shares held by insiders, venture capitalists and other investors were under the restriction.

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