Much has been written about who stands to make a fortune and who won't from Uber Technologies Inc.'s coming initial public offering. One constituency that has been largely overlooked is Uber's rank-and-file employees, for whom the IPO isn't necessarily a wildly happy milestone.
Uber's share price has been relatively flat in its significant stock sales to private investors since the middle of 2016 at about $49 a share, according to an analysis by EquityZen, which has a marketplace for trading employee stock in startups. The company is expected to price its IPO late Thursday, and it may be at roughly the same share price or a bit lower. In other words, Uber's share price hasn’t budged in nearly three years.