I recently wrote about stock market indexes, and began to think about how there are different indexes for countries and wondered if there were any city or state specific ones? As much as I researched, I could only find an ETF for Nashville which has recently been liquidated. Their plans were to launch city-specific ETF’s if the Nashville investment vehicle was successful.
As you likely have heard, Uber is having its IPO (Initial Public Offering) on Friday, May 10th in what is being hailed as the largest IPO in history. There is a ton of excitement and hype surrounding the IPO. It’s even likely that you have bought into some of this excitement. After all, you have probably used the service and heard of the people who are going to make a killing because they invested in Uber during the early stages. But is this something you should invest in?