COMMENTARY

Uber and Lyft: Lessons from lacklustre IPOs

UBER raised US$8.1 billion with a valuation of US$82.4 billion when it went public recently. Within a matter of days, however, the stock had plummeted to US$37.10 (at the time of writing), losing over 17 per cent of its value. Uber joins a club of tech stocks that have managed to impress their...