A woman sits in the back of a car, possibly a rideshare, looking at her mobile phone. The lights of New York City streak past.

Uber is one of the worst performing IPOs ever

Jay Ritter

As one of the most anticipated initial public offerings this year, Uber made its stock market debut on Friday, May 10. While many expected the company to make a splash, it actually “was the worst first-day performance for a giant U.S. IPO by a wide margin,” according to Cordell Eminent Scholar Jay Ritter in Barron’s. Read more about what Ritter’s data showed in regards to Uber’s IPO compared to other large companies in Barron’s, Fortune and The Wall Street Journal. Also, check out what Ritter had to say about Uber and other ride-hailing stocks on CNBC’s Power Lunch and BNN Bloomberg.

Uber starts in reverse – Barron’s

Uber is one of the worst performing IPOs ever – Fortune

Uber’s high-profitable IPO upsets with weak debut – The Wall Street Journal

Uber has poisoned an IPO market that was sick anyway – The Wall Street Journal

Uber and Lyft get creative with numbers, but investors aren’t blind to the losses – The Wall Street Journal

Why this expert is unsure if ride-hailing stocks are ‘financially viable’ – CNBC

Uber blame game focuses on Morgan Stanley after shares drop – Bloomberg

The art of IPO pricing an IPO: Telling the difference between a great company and a great investment – BNN Bloomberg