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Stock is starting to trade on the New York Stock Exchange



Uber began trading on the New York Stock Exchange Friday of $ 42 per share, below the $ 45 IPO.

9659005] Lyft's poor performance in the public market has somewhat dampened expectations for Uber's IPO, as Lyft's share has fallen more than 20% from the IPO price. Uber CEO Dara Khosrowshahi said in an interview with CNBC's Andrew Ross Sorkin on "Squawk Box" Friday that Lyft's performance "led us to be a little more conservative."

But analysts saw a promising path to lift in Lyft's first quarterly results report after the company showed strong growth in active equestrian capital and income per eighty rider. The CEOs said the earnings call on Tuesday is starting to become more rational and limiting the need for the driver to buy.

Like today, Khosrowshahi says that 2019 will be the company's top year for losses. Uber has compared itself with Amazon in its places to investors, who were also unknowingly profitable at its stock exchange listing. While some analysts are dubious about the comparison, they also recognize investors' fear of missing out on the next big thing. In his CNBC interview, Khosrowshahi said he is behind the comparison despite the differences between the two companies on their IPO.

"It's a fair comparison at the wrong time," Khosrowshahi said. "So many private companies now stay much longer before they go public. We are much bigger, much more mature as a company while we go public, and if you look at growth rates, the audience grows 33% On an annual basis, transactions grow by 36%. Being able to grow transactions is 36% on a $ 50 billion basis quite amazingly, and we hope to continue. "

Khosrowshahi will personally be stimulated to keep up with the value of the stock. If Khosrowshahi can hold Uber's valuation over $ 120 billion for 90 consecutive days, when it becomes public, Khosrowshahi will win $ 100 million net equity bonuses.

Even with shares priced at the low end of their target area, Khosrowshahi is not worried about achieving them.

"I didn't expect it ever in the short term," he told CNBC. "I'm here to stay. I'm here to build a big company. This compensation term is not about a single day, it's about what value you make over 10 years, and over 10 years, I absolutely expect to get there. "

A person who was missing from dais at Uber's debut was co-founder and former CEO Travis Kalanick. Kalanick, who was deleted by the company for allegations that he helped promote a hostile and inappropriate environment at the company, will be in close proximity to his father at Uber's beginning of trading on the NYSE floor.

Correction: A previous version of this article defaulted on the value of Uber CEO Dara Khosrowshahi's net equity bonuses if he holds Uber's valuation over $ 120 billion for 90 consecutive days.

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