Uber had the worst first-day dollar loss ever of any US IPO
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- Uber started trading on Friday in an initial public offering that valued the company at $75.5 billion.
- By the end of day Friday, the stock was trading down 6.7% off the $45 a share, where the company had priced on Thursday night.
- With a cumulative loss of $655 million, it's the worst first-day dollar loss of a US IPO.
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The much-anticipated Uber initial public offering managed to break a record, but not one that investors would've hoped for.