Uber officially listed its shares on the New York Stock Exchange (NYSE) on May 10, 2019. This makes Uber Technologies Inc.’s an official public offering, the company closed its first trading with a valuation of $69.7 billion.
When Uber first launched it was seen as an on-demand equivalent to taxis. The technology used by the company as well as its expansions into food delivery and new mobility have made it a disruptive threat to traditional services. Despite the many controversies surrounding the company, it is currently valued more than the market cap of companies such as the General Motors company. (GM).
As a trader, you will want to know where the new Uber IPO shares could be heading in the markets. You will need to know how you can trade on the share price, or how you could be the owner of your very own Uber stock.
ATFX, one of the leading online trading brokers, has announced the new and trending Uber CFDs on its website. ATFX’s main priority is to offer competitive spreads to its traders.
The traders can take long and short positions with Uber CFD’s, and speculate on whether the share prices will be moving up or down. Full exposure to the CFD’s can be gained on leverage once a relatively small initial deposit has been made, meaning any profits or losses will be magnified. As a regulated and responsible broker, ATFX would like to remind traders that any losses from spread betting cannot be claimed as a tax relief against any other income.
ATFX’s augmented selection features leading blue-chip stocks from sectors such as technology and finance, as well as a range of others. The company also offers products from household names such as Apple Inc, AIG, Amazon, Alibaba Group and McDonald's providing traders with a vast selection.
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Legal: AT Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. FCA registration number (760555). Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom. Company No. 09827091