In particular, Uber's poor reception raises questions about how WeWork might be valued in an IPO after posting $1.9 billion in losses previous year on $1.8 billion in revenue.
Even at the tamped-down price, Uber now has a market value of $82.4 billion - significantly more than century-old automakers General Motors and Ford Motor.
Even the IPO price set on Thursday was a disappointment compared to some expectations.
Lyft's IPO has been lackluster in its opening weeks, with shares trading at around $52 Friday, down from an opening day high of $78, down a whopping 33%.
In distributing the stock, Uber prioritised shareholders - particularly institutional investors - that it thinks will hold on to the shares for a long time.
However, the IPO still represents a watershed moment for Uber, which has grown into the world's largest ride-hailing company since its start 10 years ago.
Uber was the most anticipated tech IPO since Facebook in 2012, and its rough start could dampen enthusiasm for the expected stock offerings of other tech companies with a lot of buzz and no profits. Only about a fifth of IPOs have ended their first day of trading in the red in the last two years, according to Dealogic data.
Uber launched its IPO today on the New York Stock Exchange at the very low end of the price range it was considering, $44 to $50 a share, with an initial price of $45 but it fell nearly immediately to $42 a share. "These include avoiding mispricing by the banks underwriting the offering, the usual gyrations an IPO stock goes through in the early days of trading, and the volatility associated with insider selling and lockup periods".
FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15, 2019.
The company weathered controversies including the unearthing of a culture of sexism and bullying at Uber to a US Department of Justice federal investigation, which culminated in the resignation of co-founder and Chief Executive Travis Kalanick in 2017.
Uber hired Dara Khosrowshahi as CEO to replace Kalanick and clean up the mess, something that analysts say has been able to do to some extent, although Lyft seized upon the scandals to gain market share. As well as the original ride-hailing business, Uber is developing driverless cars and has a food delivery operation, Uber Eats.
The lander would have liquid hydrogen-liquid oxygen propulsion, precision guidance, vertical landing and landing gear systems. Robert Walker, a private space consultant who is working with Blue Origin, said it plans for a 2023 launch without people.
The woman was cited for possession and bag limit violations for all three species, which are native to Florida but are regulated. The reptiles were seized by the Florida Fish and Wildlife Conservation Commission and then released, the outlet reported .
It appears the Warriors have avoided disaster for now, as Durant's injury could have been much worse based on the way he landed. Should the Warriors advance, that same timetable would see him return right around Game 3 of the Western Conference Finals.
Lupita Nyong'o spent four hours getting ready in a rainbow, cool chick getup, her hair high and packed with golden Afro picks. Beneath the mask Miller's face appeared to have seven eyes, an illusion that sent the fans into a frenzy.
The buzz instead has focused on how the 65-1 long shot was elevated to champion in the most shocking decision in Derby history. For the true victor in my mind, Maximum Security , the team felt no need to run the horse with no Triple Crown at stake.
At the same time the U.S. also blacklisted Iran's elite Revolutionary Guard Corps, designating it as a foreign terrorist group. US Secretary of State Mike Pompeo has made an unscheduled, fleeting visit to Iraq, amid growing tensions with Iran.
The Golden State Warriors visit the Houston Rockets in the Western Conference second round with a 3-2 lead in the series. To make matters worse, up until KD's injury, Stephen Curry, the team's other MVP, was struggling .
President Donald Trump said on Sunday he would raise tariffs on $ 200 billion worth of Chinese goods from 10-25 percent by Friday. Oil prices stabilised on Wednesday as markets remained relatively tight amid US sanctions on crude exporters Iran and Venezuela .
Bruins beat Blue Jackets 3-0, advance to conference final
McKegg was pushed into Rask by Kempfer and the net was dislodged, but the puck crossed the goal line before any contact was made. Columbus hit the crossbar three times: Pierre-Luc Dubois in the first period, and Dean Kukan and Josh Anderson in the second.
Polls close after South Africa elections
The ANC achieved its best parliamentary election result in 2004 under former president Thabo Mbeki , when it won 69% of the vote. Analysts say that if the ANC vote remains above 55%, it will enable President Ramaphosa to strengthen his grip on the party.
North Korea tests missile, US seizes ship
USA officials say payments for maintenance and equipment for the ship were made unwittingly in American dollars through US banks. The U.S. has prosecuted people and businesses for violating sanctions but has never before seized a North Korean ship.