Ticker: Lyft
IPO date: March 29, 2019
IPO price: $72 per share
Performance on first day of trading: +8.7%
Performance from IPO price through December 10: -37%
Ticker: Uber
IPO date: May 10, 2019
IPO price: $45 per share
Performance on first day of trading: -7.6%
Performance from IPO price through December 10: -38%
Ticker: SDC
IPO date: September 12, 2019
IPO price: $23 per share
Performance on first day of trading: -27%
Performance from IPO price through December 10: -65%
Ticker: PTON
IPO date: September 26, 2019
IPO price: $29 per share
Performance on first day of trading: -11%
Year to date performance through December 10: +13%
WeWork actually did not make it through the IPO process. After Uber and Lyft's disastrous IPOs, investors were on high alert for unprofitable unicorn companies looking to list on the public market.
Then, WeWork released its S-1, or prospectus, a regulatory filing all companies looking to list publicly must submit to the Securities and Exchange Commission.
"When everyone talked about WeWork and they the opened the prospectus, it was like, you're kidding," Smith told Markets Insider. "No one could believe what was inside."
She continued: "This was so bad. We heard everything was so good."
In six weeks, the company went from one with a $47 billion valuation to one that was reportedly considering bankruptcy. In addition, WeWork's cofounder and then-CEO Adam Neumann stepped down from the top job.
US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
2 states where home prices are falling because there are too many houses and not enough buyers
A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
India Inc marks slowest quarterly revenue growth in January-March 2024: Crisil
Nothing Phone (2a) India-exclusive Blue Edition launched starting at ₹19,999
SC refuses to plea seeking postponement of CA exams scheduled in May
Next Story