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Sunday, May 12, 2019

IS UBER STOCK THE NEXT AMAZON?

SINGAPORE STOCKS
Dear readers, Uber stock debuted on the US stocks exchange on 10 May 2019 at a time where the US and China trade tensions had taken for a worse. Uber stock which went IPO for USD $45 per share opened at USD $42 per share before closing its first day of trading at USD $41.57 per share or 7.62% down from its IPO price.
Some blamed the lacklustre performance of Uber’s debut to the US-China trade factors. While for some analysts, they had thought that even if there were no such US-China trade factors, Uber stock would also likely go south in price. This is because Uber is still a loss-making company and the valuation which Uber is seeking going to the stocks markets seem a bit over what it is potentially worth.

Uber CEO has compared Uber to the next Amazon by virtue of their stocks going public with high losses. Well, it remains yet to be seen as to whether Uber could be the next Amazon stock. But what I can say right now is that there is really a recent wave of technology IPOs all riding on the platform model which Amazon prides itself on. I could only think that there will only be one or few winner amongst them all. STABLE STI CORE, MULTI-BAGGED BY SELECTIVE INTERNATIONAL PICKS! Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.


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