the S&P 500 reversed losses to end in positive territory. Only about a fifth of IPOs have

ended their first day of trading in the red in the last two years, according to Dealogic data.

Uber priced its IPO on Thursday at the low end of its targeted ra

nge, hoping that approach would spare it the trading plunge suffered by Lyft.

Lyft ended down 6.9% on Friday, and is 28 percent below its IPO price.

Still, the world’s largest ride-hailing company appeared to generate m

ore interest from mom-and-pop investors than Lyft. Retail investors at TD Am

eritrade executed more trades in the first ten minutes of Uber’s debut than in Lyft’s first 2-1/2 hours.

Uber had already lowered its valuation expectations twice in the last two months to address investor concerns over its mounting losses.

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