Uber’s losses reach double digits in IPO debut debacle

Uber Technologies’ shares extended the free-fall on Monday after a rocky debut on Friday after launching the biggest initial public offering of the year.
The ride-hailing giant dropped as much as 11% to $37.08 in New York. The San Francisco-based company sold 180 million shares at $45 apiece on Thursday, and on Friday it never traded above that price, ending the day down 7.6% at $41.57 even as other stocks gained.
The share slump reflects investor skepticism about the size of the ride-hail