James D. Rosener, a partner in the Commercial Department of Pepper Hamilton, was quoted in the May 13, 2019 TheStreet, "Uber's Weak IPO Could Shine a Harsh Light on Other Tech Unicorns."
"Is it an issue of the ridehailing industry, or is it that any unicorn is implicitly overvalued? I think it's the former, but I think there's going to be more scrutiny of companies that are losing lots and lots of money," said Jim Rosener, a partner at law firm Pepper Hamilton.
Uber priced its shares at the low end of its initially declared range of $44 to $50 -- and Lyft's performance so far likely influenced that decision, Rosener added. Lyft shares are down about 35 percent since its March 29 debut.