Reminder that Facebook opened lower than this and was lower for years before they started growing. Granted, FB can, you know, make money.
Uber opens at $42 per share
51–60 of 470 posts
Re: Uber opens at $42 per share
#52Earlier quoted context omitted.
doesn't matter, made $8,100,000 in a day oh you were worried about the traders and hopeful Uber employees that bet half a decade of their life on a good share price HA HAHAHA. Should really start looking at this from the underwriter and issuer perspective to understand the success story here. Retail buys ticker symbols that have been marketed to them. Everyone else dumps. Company made a ton of money and can do whatev…
I feel like this point could’ve been made stronger without all the resentment
A certain level of moral dismay is not exactly unwarranted around stuff like this, is it?
Re: Uber opens at $42 per share
#53My primary disappointment with the Uber IPO is that I don't have a larger wad of money to cover a short position.
"To cover a short position" implies that you have a short position you are buying to cover. You likely mean "to put on a short position"
Well ... if my timing and intuition are perfect then I don't actually need any cash right ;)
Re: Uber opens at $42 per share
#54This is unfortunate for many of the rank and file Uber employees but it’s good news for the stock market in general. It’s showing we’re not in a tech bubble and companies are still going to be valued based on how strong their business case is.
I don't think the difference between Uber being valued at like... $75 billion instead of $90 billion says much about whether this is a bubble or not.
Re: Uber opens at $42 per share
#55According to this article, stock was valued internally at $49/share in 2016, so anyone joining in the last three years will not have enjoyed any sort of rocket-ship growth.
https://news.yahoo.com/uber-employees-may-not-partying-15171...
Re: Uber opens at $42 per share
#56Re: Uber opens at $42 per share
#57As an employee you typically don’t want your stock to skyrocket on the IPO. Most that do plummet as early investors sell and the employees (who have a lockup period preventing them from selling) watch their “gains” disappear. In my opinion, it’s better to have an accurately priced stock that grows at a healthy rate.
A cart before the horse. Who gets the most profit? The people who finance the project or the people who actually do the project? In a just world, would it be 50/50? Seems skewed... without the builders, there would no buildings.
And without money to build there would be no building.
Not siding with either, just both are necessary ingredients for success.
Re: Uber opens at $42 per share
#58Earlier quoted context omitted.
I prefer the more educated folks who provide insights like "Stocks were down today due to a sell-off"
Or "The Dow is down 312.9 points today due to geo-political tension in the Middle East", etc.
Reminds me of Aswath Damodaran´s china bit: "When in doubt,
use China. It´s gonna make you look smart while saying absolutely nothing"
Re: Uber opens at $42 per share
#59Earlier quoted context omitted.
> if it closes below $45 it will be the first time since 2008 that the happened for a major IPO Sorry, first time that what happened?
This reads almost like a sports statistic with how arbitrary it feels.
It’s not arbitrary at all. IPOs are structured by investments banks to ‘pop’ on the first day.
If the closing price is below the IPO that is generally regarded as a failure and may imply over-valuation.
Re: Uber opens at $42 per share
#60Earlier quoted context omitted.
doesn't matter, made $8,100,000 in a day oh you were worried about the traders and hopeful Uber employees that bet half a decade of their life on a good share price HA HAHAHA. Should really start looking at this from the underwriter and issuer perspective to understand the success story here. Retail buys ticker symbols that have been marketed to them. Everyone else dumps. Company made a ton of money and can do whatev…
I feel like this point could’ve been made stronger without all the resentment
no resentment from my end
best way to play the stock, bond and crypto markets is from the issuer side, and a lot of people don't seem to understand that and media seems to play the role of getting people to not understand and I think it is weird they only talk about the chances for the retail/secondary market perspective, dressed up as analysis