Uber begins trading nearly 7% below its IPO price

By CATHY BUSSEWITZ, MICHAEL LIEDTKE and TOM KRISHER
NEW YORK — Uber began trading as a public company at $42 per share Friday, nearly 7% below its initial public offering price on an already volatile day for the markets.
The ride-hailing giant priced shares in the IPO Thursday at $45 each, raising $8.1 billion and giving the company a valuation of $82 billion.
Shares began publicly trading on the New York Stock Exchange about 2 1/2 hours after the markets opened Friday, with investors alre