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TechCompanies
Uber fizzles in Wall Street debut, opens below $45 IPO price
submitted 4 years ago by magnora7 from reuters.com
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“If a venture capital investor wants to burn cash they can do that as long as they want, but once you get to the public markets you have to show profitability or a path to it,” said Jordan Stuart, a portfolio manager at Federated Kaufmann who often purchases companies’ shares during an IPO.
Roasted! What a burn.
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