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Is Uber’s IPO an appealing offer?

Lyft, a competitor, saw its shares drop 20% since its IPO.

Global markets were reeling today following President Donald Trump’s threat to impose even higher import tariff hikes on Chinese goods. This resulted in a stronger dollar, which was adverse for emerging market currencies. The All Share index closed down over 1.0% at 58,713 points. The local currency is now trading at 14.48 against the dollar, 16.22 against the euro and 18.97 against the British pound. Gary Booysen, a portfolio manager at Rand Swiss, joins Nompu Siziba in studio to discuss the latest market movements, including Uber’s IPO. 

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