May 10, 2019 / 3:46 PM / a month ago

Uber shares likely to fall in stock market debut

(Reuters) - Uber Technologies Inc shares are likely to open below their initial public offering price of $45 in their long-awaited market debut on Friday, early price indications showed.

A lower opening will undermine Uber’s strategy to price its oversubscribed IPO conservatively at $45 per share to avoid a repeat of rival Lyft Inc’s stock market struggles following a strong debut in March.

Reporting by Sweta Singh in Bengaluru; Editing by Saumyadeb Chakrabarty

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