Market Extra: Uber’s IPO was the 5th worst over the past quarter-century, by this measure

Uber Technologies Inc. — one of the most hotly anticipated IPOs of 2019 — produced an unusual woeful stock performance on Friday for a company of its magnitude.

By at least one measure, the initial public offering was the fifth weakest one-day return of a company with a value of at least $10 billion of the past 24 years, according to data from Dealogic.

Uber’s stock UBER, -7.62% finished Friday trade off 7.6% at $41.57, giving it a valuation of $69.71 billion, according to FactSet data, after pricing its shares the day before its official public debut at $45.

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