(Bloomberg) -- So much for blaming the market.
The S&P 500 has jumped by nearly 2% since Uber Technologies Inc. debuted below its IPO price midday on Friday. At the time, CEO Dara Khosrowshahi and others said China trade uncertainty made for a tough day in the market.
“You can't pick when you go public," he told Bloomberg earlier.
Other stocks have recovered from this morning's lows. Two-thirds of the stocks in the S&P 500 are higher Friday, while both Uber and rival Lyft Inc. are still tumbling.
Read more: Uber Trades Below Last Private Value in Rocky Post-IPO Start
To contact the reporter on this story: Drew Singer in New York at dsinger28@bloomberg.net
To contact the editors responsible for this story: Courtney Dentch at cdentch1@bloomberg.net, Scott Schnipper
©2019 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
