Wall Street Breakfast: Hailed Uber IPO Finally Arrives

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There's only one event today that competes for attention in markets with trade concerns - this year's biggest IPO. Uber has priced its initial public offering at $45/share - the low end of its targeted range - for a valuation of $82.4B, hoping its conservative approach will spare it from the trading plunge suffered by rival Lyft (NASDAQ:LYFT) since its IPO. The company, which will list on the NYSE under ticker "UBER," has yet to record an operating profit, but hopes its four main branches - ride-hailing, deliveries, B2B (leasing, freight, health) and future (robo and flying taxis) - will pay off in the longer term. Will investors think the same?

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