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Uber's IPO: Where Do We Go From Here?

Video Credit: The Street - Duration: 00:56s - Published < > Embed
Uber's IPO: Where Do We Go From Here?

Uber's IPO: Where Do We Go From Here?

Uber's much-anticipated IPO was a bit of a disappointment, at least on its first day on trading.

On Thursday night, Uber set its IPO price of $45 per share -- at the low end of its previously established range of $44 to $50 per share.

On Friday, it began trading on the New York Stock Exchange at a price even lower than that: roughy $42 per share.

It was hovering in that $42 range near the close of trading on Friday.

Unlike its rival Lyft there was no first day "pop" for Uber.

And Lyft, its closest counterpart in the public market, is trading about 30% lower since its Mar.

29 IPO.

So where does Uber's stock do from here?

Real Money tech columnist Eric Jhonsa joined TheStreet's Annie Gaus to share some thoughts about what to expect.

Related.

Jim Cramer Breaks Down Uber's Disappointing IPO Behind the Scenes of Uber's $82 Billion Debut Watch Jim Cramer's Daily NYSE Show and Replays Below

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