ChatterBank4 mins ago
Business Quiz
3 Answers
Which tech company lost most value post IPO ? Uber , Lyft or Peloton ? This is hard to find accurately .
Thanks so much for earlier help tonight .
Thanks so much for earlier help tonight .
Answers
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Peloton's share were offered at $27.00 in the IPO, valuing the business at $7.2bn. The lowest they fell to after that was $21.08, knocking $1.58bn off the company's value.
Uber's shares were offered at $45, valuing the business at $82.4bn. They then fell to a low point of $25.99, reducing the company's valuation by $34.81bn at that point.
Lyft entered the market at $82.4 per share, valuing the firm at $24.3bn. They later reached a low point of $38.20, knocking $13.03bn off the firm's valuation.
So your answer would seem to be Uber.
Uber's shares were offered at $45, valuing the business at $82.4bn. They then fell to a low point of $25.99, reducing the company's valuation by $34.81bn at that point.
Lyft entered the market at $82.4 per share, valuing the firm at $24.3bn. They later reached a low point of $38.20, knocking $13.03bn off the firm's valuation.
So your answer would seem to be Uber.
^^^ I struggled with that too, Brainiac. As the question is worded though ("lost most value", rather than "lost the biggest proportion of its value"), I think that my answer above is correct.
However if JohnC1 wants the percentage figures for the share prices of Peloton, Uber and Lyft, respectively, they're -22%, -40% and -54%.
It's also not clear at what point the market value should assessed. I've assumed at the lowest point post-IPO but the question might refer to the biggest loss on, say, the opening day of trading.
However if JohnC1 wants the percentage figures for the share prices of Peloton, Uber and Lyft, respectively, they're -22%, -40% and -54%.
It's also not clear at what point the market value should assessed. I've assumed at the lowest point post-IPO but the question might refer to the biggest loss on, say, the opening day of trading.
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