Uber IPO falls flat in worst first-day showing of tech unicorns this year

By Levi Sumagaysay, (San Jose) Mercury News
The long-awaited IPO of Uber, the brash ride-hailing giant that has changed transportation around the world, turned out to be a dud Friday.
Despite its efforts to tamp down expectations, the San Francisco company closed at $41.57, down 7.6 percent from its IPO price, valuing it at $76 billion. That is the worst first-day showing of the five tech unicorns that have gone public so far this year, and a long way from the $120 billion valuation that was est