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But the body of the article makes it seem different... "In terms of percentage losses, Uber’s dip doesn’t even scratch the surface of the worst IPOs. But the s

But the body of the article makes it seem different... "In terms of percentage losses, Uber’s dip doesn’t even scratch the surface of the worst IPOs. But the staggering valuation of the company makes it, in raw scale, “among the top 10 IPOs ever” including companies outside the U.S., Ritter told Gizmodo in a phone interview. That single digit decline resulted in an estimated $617 million paper losses."

rossdavidh 7y ago
But, this was after they had dropped their initial valuation: "Consider also that Uber’s debut valuation of $76.5 billion was a considerable drop from the between $90 billion and $120 billion the company had been worth in some analysts estimation just a month earlier..." So, it seems like they knew it was going to be bad, and dropped their target (by tens of billions of dollars), and it was still not good.
mises 7y ago
I still think it's somewhat relevant. Companies of that size are generally supposed to be more stable, and aren't really supposed to slip that much. This is especially true in light of the fact that Uber already priced near the bottom of the range for IPO price to prevent exactly this issue.