Uber IPO

A shareholder class action claims that Uber misrepresented its financial state during its IPO, causing the share price to drop from the $45 on May 10 to $39.05 on Aug. 9, <a href="http://www.courthousenews.com/wp-content/uploads/2019/10/Uber-IPO.pdf"><strong>knocking $1.1 billion off the market cap</strong></a>; they also sued the underwriters, in federal court.

SAN FRANCISCO — Uber shareholders claim in a federal class action that the company misrepresented its financial state during its IPO, causing the share price to drop from the $45 on May 10 to $39.05 on Aug. 9, knocking $1.1 billion off the market cap. they also sued the underwriters.

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