Uber's IPO (2019)
Uber went public in New York at a $82 billion valuation, with self-driving cars central to its growth pitch. Shares fell below the IPO price on the first day and stayed there for years.
Investors questioned whether ride-hailing could turn a profit, and the stock languished.
Uber later sold its self-driving unit and only reached steady profits years after listing.
Go is selling a similar story: an app today, robotaxis tomorrow. Uber shows how far the driverless payoff can drift from the IPO date.
